Markets Wobble As Ceasefire Talk Returns
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Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.
Transcript:
{transcript}
Summarize the following YouTube trading video transcript. Extract:
- Key stock tickers mentioned and any price levels associated with each
- Trading strategy for each stock
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Transcript:
Each [music] afternoon, real setups are
broken down with entry strategies and
the technical reasoning behind every
trade. [music] This is today's best
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