Each afternoon, real setups are broken down with entry strategies and the technical reasoning behind every trade. This is today's best trade setups with Verified Investing. >> Welcome to today's best trade setups. My name is Benjamin Poole, head trader here at Verified Investing. The S&P 500 and the QQQ are continuing to rip higher today. President Trump is meeting with President Xi, and that is what's likely driving this. Supposedly, there's going to be a deal that's happening over there that's going to really rock the markets and send them surging to the upside. We're going to have to wait and see what that what that meeting unfolds, but right now, the markets are loving it. So, let's just dive into the first chart, which is the S&P 500. So, right now, the only thing we really have to go on as far as resistance is the $750 whole round number. That's the psychological level where you're likely to get a rejection. So, for today's best trade setups, a pierce of $750 is your shortable level on the S&P 500. Let's dive right into the QQQ. Look at this. I did mention the possibility of a short on yesterday's today's best trade setups. $713.29 was that entry price, knowing that you could stop out on any close above that. And now, all of a sudden, we're ripping through this. Not only are we ripping through that high, but we're actually getting above this up-sloping trend line. So, we've connected this pivot low here, secondary hit, third hit before this breakdown. Now, all of a sudden, we've not only retested it several times, but we're actually breaking above it. So, what do we do in a situation like this? We say this market is overextended. So, we have to look for our next level of resistance and that'll be a key psychological level. I'm just adjusting that trend line, which now that we're above $721, your next level of resistance is going to be 725. So, 713 is no longer on the table. If it does pierce 725 today, I would look to short the QQQ knowing that this thing from the lows, even on this potential positive news, is up 30% from the lows in a short amount of month a month and a half. The QQQ has risen 30% in a month and a half. That is just incredible. You haven't seen a move like this without any major pullbacks in a really long time on the QQQ, especially since the the war is still going on with Iran. Speaking of, look at oil. It's dropping slightly. Could be putting in this nice bull flag. Now, it's going to take three or four more days of sideways consolidation off of this pivot low right here at $127.37. Big push up, creates this nice flag pole. If it consolidates and, like I said, three to four more days, then all of a sudden you're going to see an entry price of $147.61 for a short knowing that I've got additional resistance at 151.26. The RSI is extended on the S&P 500, the QQQ, US oil. Look at RSI. It's starting to fade, but, as you notice, right here it got a bid off of the 50. So, that could be what's happening is the 50 RSI could be hit and then that would surge the price of US oil um up into these resistance levels. OKLO is having a decent drop today. It's already filled this gap in the premarket um and actually during the trading day at $64.92. OKLO's losing its steam. Here's this up-sloping trend line that I'm monitoring. Pivot low here, secondary hit, kiss there. Now, all of a sudden, we've broken this. What I'm looking for for an entry price today is $62.61 for a long play, if we can get another sell. For those of you who are a little bit more aggressive, you could play this little pivot point at $63.19. That would be your first entry price. If it does start closing below $62.61 on a daily on a 15-minute closing basis, what I would do would look for this pivot low right here in this gap in the charts at $58.59. STX had this nice uh surge to the upside, tried to tag this double top, and then and now we're getting a little bit more of a sell-off. Because we have this up-sloping trend line, pivot low here, secondary hit, third hit, fourth hit. Every time it's hit, with the exception of this one outlier, we've gotten a nice bounce. So, if we can drop into this gap right here in the charts at six uh $765.77 today, that is where I'm going long. This could be an also entry price for a swing trade long, if it does get into this level, knowing you've got additional resistance if it does get back up to $833.84. As you can see, that's currently the top. Once we start pushing above that, then we're going to push higher on STX. However, if this up-sloping trend line breaks, or when it does, after a repeated hit of the support level, your next level of support is going to be $726.93. So, if you were to pick this up as a swing trade with this additional hit of this up-sloping trend line, your stop out would be any close below it on a daily closing basis with confirmation. SanDisk had this nice surge to the upside. It was quite negative in the pre-market. Never got back down to this 1339 level. Got all the way back up. Went slightly positive. Filled the gap at 1447 and now we're having a decent sell-off. On a swing trade level, similar to what's going on with STX. Here's what we're doing. And this is on the logarithmic chart. Pivot low here, secondary hit, third hit. But because these were so close, this is considered one hit. If you can get this right in this cracks right here at 1339, this is your swing trade long level, knowing that you've got additional support at 1255. That would be your additional add level. With STX and SNDK, if it does start closing below this upswing trend line on a daily closing basis with confirmation, then all of a sudden it opens the floodgates for another push to the downside, which would come back down in and your next level support is sub $1,000, which is actually $964.68. You will have some bounces. First bounce would be at 1188. Next bounce would be this gap in the charts around a $1,000 whole round number, but this is where you could dollar cost average in or if you're a little bit more conservative, this is where you'd start your swing trade on SanDisk. It seems an extended move to the downside, but really for SanDisk, that's from the current levels or from that previous gaps, 33%. That can happen pretty quickly on a chart like SanDisk. MP is getting a nice drawdown today as well. If it does drop down into $57.36, you have this previous gap in the charts, as well as all of this price consolidation that I would be looking to pick up MP for a long play. Once it does close below that and confirms below it, MP, my next long level for a swing trade would be right here around $44.50. Now, you are going to have a lot of support. You have this red bar green bar candle opening with this low pivot $54.24 or around that area for additional support. Prior gap in the charts as well as a green red bar open at $50.64. But for me, I would be waiting for a continued flush out all the way down to $44.50. Nvidia is heading higher today. Look at what I'm seeing in the charts. I like the QQQ. I've identified this up-sloping trend line. This is a hidden trend line. Pivot low here, secondary hit, third hit, fourth hit, finally broke below. It actually gapped over this and then came back up and retrace it, and that's where you had a pretty substantial sell-off. You notice price action consolidated right alongside of it. Got a little bit more of a drawdown. Finally broke above and created the secondary up-sloping trend line. Once we got below it, price consolidated and now we're surging up into that level. So, anywhere above $235 for me is a great day trade opportunity. This would also be an additional spot to dollar cost average cuz I was mentioning that you had this nice rejection of this basically $212 level. Price finally got above it and then we had this bigger sell-off. So, the more often resistance levels are hit, so for example, this was this resistance 212. Hit, closed above, but then got rejected. Hit it again and that's when the breakout happens and that's why we're getting this nice surge to the upside. $235, $236, great day trade level, and this is where I start inching into a swing short on Nvidia again. Even if it's got earnings coming up in a couple weeks, still great opportunity knowing I've got this additional up-sloping trend line as additional resistance all the way up to about $240. If it does get above this up-sloping trend line, this would be where I would stop out of it and then wait for the $250 level as additional psychological resistance on the chart of Nvidia. Bitcoin's having a nice push to the upside. Here's the trend line that I I'm monitoring. Pivot low here. Price consolidated right on top of it, hit it again here. Third hit, fourth hit, fifth hit, finally broke below, never confirmed. We retraced to the scene of the crime even after a rejection and a close below, got rejected again, failed to take out this pivot top. I am now more bearish on Bitcoin until we can break above 82,837 bucks. This signals it favors a move to the downside. However, once you take this out, then it opens the door for a a next move up to about 85,500 for your next resistance level. On the downside, if we take out 75,680 your next level of support is going to be 73,815. This is where you're going to have a ton of support. As you can see, this previous rejection level on Bitcoin, now that we're above it, this is where I would start picking up Bitcoin for a potential long. However, I would close this out on a daily closing basis with confirmation if it does close below 75,000 and then look for another entry price and again 70,000 is another level and then you have the 65,000 level as additional support. Starting to look a little bit weaker on the chart of Bitcoin. Celsius, I gave you this level. It did close below 82 $28.20 and now we're having this nice move to the upside. This does not necessarily guarantee that we're going to have a continued push on Celsius. If we drop back into $27.08, this is where I'm likely where I would go long on a day trade today. If we can stay above $28.20, it opens the door for a push higher up to $32.25. As you can see, this was previous support, flush through it, didn't even touch it. It gapped over it, which means that there are a lot of people who got caught off guard on the chart of Celsius. And once price action does get into that level, these people who got caught off guard are now looking to exit the trade. I'm not shorting this, but this is where my first exit would be on the chart of C E L H. Last but not least, P A N W is having this nice push to the upside. Pivot top here, secondary hit, third hit. We're actually above that level now. Here is the low from the end of February. We're up almost 72%. So, for me on a day trade basis, $240 pierce would be my entry price for a short play, for a day trade. And I would look for about a 1 to 2% pull back on this chart of P A N W if we can pierce $240. I have my level at 240.17. If it does close above 240.17 on a 15-minute closing basis, I would look to stop out, and then wait for a reversal pattern to form before I entered it again. It is options X weeks week and it is Thursday today. Tomorrow's options X, so you should have some additional volatility. So, if you notice the stock market, you're looking at your portfolio, it can jump a lot onto the to the upside as well as the downside because of the volatility that is in play right now. I'm a little bit more cautious on options X weeks because of the market manipulation that can happen, and it just happens that President Trump and President Xi are now meeting during options X week, so you could have additional volatility. So, I would just be cautious when you're entering some short trades on semiconductors in today's session. So, that's what I have for you guys. Thank you so much for watching. If you guys are getting something out of this, and only if you're getting something out of this, please hit that like button. Make sure you're following, you're sharing, you're subscribing, so that way you can get notified and ring that bell. That's when you're going to get notified of these videos, so that way you can be updated when these go live. So, that's what I have for you guys. You guys have a great rest of your day and take care. We'll see you guys next time in the charts. >> Yeah.