Each [music] afternoon, real setups are
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trade setups with verified investing.
Welcome to today's best trade setups. My
name is Benjamin Pool, head trader here
at verifiedinvesting.com.
So, in today's video, we're going to
talk about the war in Iran just briefly
and then go over the charts. So,
President Trump tweeted that there is
going to be an end or there is an end to
the ceasefire. And so, then all of a
sudden we had some volatility in the S&P
500. There's a key resistance level that
has to get above in order for the bulls
to take control. Right now, we're kind
of consolidating right at that area.
So, if we can push up, what we're going
to do is identify an additional
resistance level. So, that way we have
an opportunity to uh uh excuse me,
possibly play
if the S&P uh the SPY decides it wants
to head higher. Now, there's a key
support level on the downside as well.
And then we have a bunch of other stocks
that we're going to go over. So, here's
the first one. Actually, let's jump into
the S&P 500.
Here's that key resistance level. I was
actually looking to play this just a
little bit lower yesterday. I was going
to take a really heavy position in this.
It missed my entry price slightly. Look
at it. Got up to $751.95.
My short level yesterday was just a
little bit higher than that.
Here's that resistance level that we're
consolidating right on top of and that's
$752.31.
Wide range red bar candle that price
took a while for a for it to finally get
above.
What I'll be looking at today?
Previous gap in the charts at $754.78.
This is going to be your next level of
resistance on the S&P 500. So, if it
gets up into this level, take a take a
look at something like Nvidia or
something else in the S&P 500, maybe
Apple for a short unless you want to
short the S&P 500. And again, this is
not financial advice. This is just a
trader talking giving you guys some
education and informational purposes
only. So, the QQQ, here's my level
today. Previous gap in the charts right
here at $725
and $0.17. This is going to be a key
resistance level. If it does go above
that, you have this red bar candle. Look
at the amount of volume that was on a 51
million shares traded, 10 million right
now. So, not a ton of volume, which
means that there are still a lot of
people who are stuck in this red bar
candle. So, $725.17
is that level for me on the QQQ. Nvidia,
it is getting really close to a
potential gap in the charts and that's
sitting at $208.65.
I was monitoring that yesterday. And
look at price action. So, it does have
this head and shoulders pattern.
Shoulder,
head, shoulder. Price action is above
it. It did close above it here on the
8th of July,
then got closed below it yesterday. And
now we're starting to get a little bit
more bullishness in the chart of Nvidia.
So, if it does close above this today
and fills this gap, what I would do is
likely play this on a retrace all the
way back to this red bar candle high.
This is basically the neckline at
$204.49.
And this would be more of a swing trade
level as well as a day trade.
Knowing that if it does close back below
this neckline, then all of a sudden the
bears are in control and are going to
drive the chart of Nvidia down.
Day trade, $208.65.
And
the reason I like $208.65 is look at
this move from this pivot low
all the way up into that gap fill. That
is about a 10% move to the upside.
Going to be a key resistance level
today. If it does if there is a
15-minute close candle that closes above
that gap in the charts, you could just
look for another level of resistance to
reenter it, and that would be at about
$211.16.
If you don't want to dollar cost average
into it.
All right, Tesla.
Tesla never came back and hit this $391
level on the upside today. Couple
different resistance levels. $415.88
is going to be that first resistance.
Secondary level of resistance is this
down sloping trend line. So, this is the
line in the sand that we got to monitor.
Now, we have put in kind of an inverse
head and shoulders pattern, kind of a
bigger inverse head and shoulders
pattern, shoulder, head, shoulder here.
So, if it does break, depending on when
it breaks, you could see an upside move
to about $482.66.
But, unlike um
Nvidia, this would be an inverse head
and shoulders pattern. So, you would
play this kind of the same way. If it
does break below it after it gets above
it, retraces, but then closes below it
again, this would negate the potential
topping tail, or excuse me, the inverse
head and shoulders pattern. So, kind of
keep your eyes on this chart pattern for
Tesla.
ARM, not doing a whole lot today. It's
basically chopping sideways. It's down a
little bit as you can see. This was the
closing price at 327. We're currently
trading at 321.52.
So,
if it does get into this gap fill and
you're aggressive, 328.12 is still going
to be a resistance level. I'm waiting
for another move to the upside, $354.57
for a potential
gap previous gap in the charts, and
that's the level I'd I'd be shorting ARM
today. SOXX, you're getting up into a
key resistance level. $581.70
is that resistance level on the SOXX.
Same way same way I'll play Nvidia. If
it does get into this level and it has a
15-minute candle that closes above this,
I would look to exit the trade and then
you could look to re-enter it at
$589.94.
AMD,
here's another level
on AMD. I love this gap in the charts
right here, $580.91.
Here's an upsloping trend line. Pivot
low here, secondary hit. Let's go ahead
and turn on logarithmic. There we go.
Pivot low, secondary hit, third hit into
a ton of support. This was a great
opportunity for a potential long.
What we're looking for is
either price action to get back up into
this $580.91
level or it to break this upsloping
trend line.
This would negate any type of upward
momentum for an AMD, but right now we're
still technically in an uptrend.
And so this is the level of resistance
if we push higher on AMD.
Intel we were monitoring, never got into
my level. Today, an aggressive level for
a long is $107.04, previous gap in the
charts.
Did get below it yesterday, but there
should be a lot of support in this area.
If it does start flushing that level,
my key support level is this low pivot
at $104.47
and then here's the previous pivot low
from the pre-market on this green bar
candle right here at $104.22.
So, additional support on the way down
if Intel decides to push up.
$112.54
is that level for a shortable
opportunity on Intel.
Dell's pushing higher. I was noticing
the bullish momentum in Dell. I was
actually anticipating it going up into
this
previous red bar candle high at $465.80.
It decided it wanted to stall out
yesterday.
And now we're kind of slightly negative
on the day. As you can see, we put in a
little bit of a tail and a little bit of
a week. So, I mean a wick. So, we're
kind of consolidating sideways. What I
would like to see is the S&P 500 to
maintain price action, which it actually
looks like it's doing
up into that next support level. If this
does that, then all of a sudden Dell is
going to get a nice bid to the upside,
and then 465.80 is still that shortable
level.
SNDK pushing higher. Look at this move
up. So, it was doing a lot of right here
at this 1858.27
level. Stalled out, and now it's pushing
higher. Yesterday, I had a couple
different levels. The first level I had
was 1914.
46. Got above that level. Had you been
patient and dollar cost averaged into
it, it would never have hit this 1958.80
level, that secondary level of
resistance. But, look at that fall. And
then it opened up
almost 9% lower. That's absolutely
incredible. This is what SanDisk does.
SanDisk can move 2 3
$350 in one day. So, my level today,
even though it was a previous gap in the
chart yesterday, 1914.46,
this is not less a level that I'd be
interested in. I want to get it to get
up to 1958.80,
and then
here is $2044.
Sorry, $2043.80.
If it does get into that level,
if it for some reason it can do that
today, that'd be a 200 over $200 move to
the upside.
Sorry, a $150 move to the upside.
From the current price action, that is
going to be a key resistance level on
the chart of SanDisk. So, if it does get
above 1958.80, then I would look to stop
out of the trade on a 15-minute closing
basis. Above that, and then reenter it
$2043.80.
LTE, great resistance level on the way
up. If we can continue to push $817.24
is going to be a key resistance level.
And that would be something that I'd be
looking to play for a day trade.
If it does get above that, and this is
something I'm going to be looking at
going into next week, $858.06
is going to be a key resistance level on
LITE. All right, Meta.
Meta has this nice down-sloping trend
line. We are breaking above it now.
Pivot top here, secondary hit, third
hit. We actually gapped above it, and
this is extremely bullish for the chart
of Nvidia. I mean, for Meta.
When you can gap above resistance,
it doesn't allow a lot of people to stop
out of the trade.
You had this low pivot right here at
$654.01.
And if you were out of the money at
these low pivots, and then price action
gapped up and you're in the money,
now all of a sudden, you don't have that
same fear in the markets or in your
portfolio, because now all of a sudden,
you're in the money. And so, your next
level of resistance is going to be
$678.62.
Now, if we can start getting a flush
out, then all these people who are in
the money, who were once out of the
money, will flush this down, and what I
would look to do on a swing trade basis
is replay this down-sloping trend line,
which would be about $648
all the way down to about $647
on the chart of
Meta. If we can get that sell-off,
day trade level though, 678 62, and then
you have this gap in the charts that I'd
be looking at playing next week, and
that's at $688.55.
Ton of resistance in this area for the
chart of Meta. If we can get that push
to the upside.
Oracle's getting a nice beat down.
Here's a down-sloping trend line. Pivot
top here, secondary hit, kissed it here.
Here was the third hit.
Finally broke out and hasn't really made
a continuation move, but it did come
back in and retested at this low pivot
at $140.49.
Look at all of the support in this area.
Nice gap in the charts, great gap fill,
now we're breaking above. Now, we did
get a downgrade today because of CapEx
expending expenditures. So, it's getting
a little bit more bearish. However, if
we can start taking out this high pivot
point at around $149
and
let me see exactly where that high pivot
point is.
149.07. If we can start breaking that
level, all this resistance level will be
negated and now all of a sudden we have
a nice push to the upside and I could
see Oracle coming up all the way to
about $178.82.
And from these high pivot points, this
was a beautiful fall. 45% drawdown and
that's not even from the all-time highs.
So, again, great swing trade level on
ORCL if it can drop a little bit more
back into this 138.09.
The nice thing is this would also be
your stop-out level. If price action
does close below 138.09 on a daily
closing basis, you could just look to
exit the trade, but you can capitalize
on a huge move to the upside if that
actually happens.
All right. So, we have two more days.
Well, including today, we have kind of 3
days.
Verified Investing is still offering our
sale. We have up to 40% off all of our
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If you guys want to build your
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it. This is how we've built our trading
in the live day trading room as well as
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anyway, that's what I have for you guys.
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>> [music]
>> Yeah.
>> [music]