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Hidden Trend Lines & Short Targets Across Stocks, Crypto, Commodities
Channel: Verified Investing YouTube
Watch on YouTube · 2026-05-01
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Here is a summary of the YouTube trading video transcript in clear bullet points:
**Stock Tickers and Price Levels:**
* S&P 500: $730.08 (shortable level), $710-$720 range
* USOIL: $151.26 (gap fill), $139.63, $142, $147.09 (first shortable level)
* Google: hidden trend line at $388.36, potential up-sloping trend line resistance
* TEAM Atlassian: $92.93 (shortable level), $75 (pierce of gap)
* Nvidia: $195 (pierce of gap), $194.37 (support zone)
* Amazon: $258.74 (midline of parallel channel), $238.10 (downside move to midline)
* Intel: psychological resistance at $300
* Microsoft: $393.11 (long level), $424.46 (day trade short level), $433.12 (next level of resistance)
**Key Trading Strategy:**
* Identify key support and resistance levels on various charts
* Look for gaps, trend lines, and pivot points to inform trading decisions
* Use relative strength index (RSI) to identify potential divergences
* Consider psychological resistance levels when making trades
**Indicators Used:**
* Trend lines
* Pivot points
* Relative Strength Index (RSI)
* Gaps
**Entry/Exit Rules and Suggested Trades:**
* Enter long positions on stocks with strong up-sloping trend lines or parallel channels
* Short stocks that are testing support levels or have weak trend lines
* Use RSI to identify potential divergences and adjust trading decisions accordingly
* Consider psychological resistance levels when making trades
**Timeframes Mentioned:**
* 15-minute closing basis for USOIL trade
* Daily timeframe for Amazon and Microsoft analysis
**Risk Management Tips:**
* Set stop-losses at key support levels or trend lines
* Use risk-reward ratios to adjust position sizes
* Monitor price action and adjust trading decisions accordingly
Summary ready
Transcript
Each afternoon, [music] real setups are broken down with entry strategies and the technical reasoning behind every trade. This is today's best trade setups [music] with Verified Investing. Welcome to today's best trade setups. My name is Benjamin Pool, head trader here at Verified Investing. The S&P 500 is getting a nice move to the upside while US oil is starting to get a bit to the downside. So, what we're going to do is we're going to jump into those charts as well as a few others to give you key support and or resistance levels going into the afternoon session. So, the S&P 500, like I had mentioned, has this up sloping trend line. I have the S&P going up to $730.08. This is going to be my shortable level if we can get this nice run up into this resistance trend line today. That would be a decent move on the S&P 500 from the current price action right now. That would be another 1% move. Sometimes the S&P 500 can make those kinds of moves as you can see from this bottom the tail right here at $710 all the way up made over a 1% move 1.24% move. So, again, if we can get that kind of surge on the S&P 500, $730.08 is that shortable level. Now, the chart of USO. Here is my shortable level today. After that gap in the charts at $151.26, we had this nice continued sell-off. It sold off 2 days in a row, got a nice bid off of this gap fill at $139.63, pierced it a little bit, but [clears throat] now as you can see we're Excuse me. We're trading at $142. If we can continue higher, this gap right here, although it's a minor gap, $147.09 is that first shortable level knowing that I could dollar cost average all the way up to $151.26. I would look to add every dollar or 50 higher. If it does start getting above 151.26, that on a 15-minute closing basis and it closes above there on a 15-minute closing basis, that's where I'd look to exit the trade of USO. Google has this hidden trend line in the charts that I'm going to go over with you. It could head up a little bit higher. Did make all-time highs today and got a little bit of a rejection. For me, I'm waiting for a a bigger move to the upside for that up-sloping trend line resistance. Let's go ahead and jump into that chart and show you what I'm I'm seeing. Connect this pivot low right here from the August 20th, 2025. Here's your secondary hit, third hit. Price finally broke below, then recaptured it, finally broke below again, and then got rejected. This tells me that this trend line is a solid trend line. So, if we can go up as high as $388.36, really depends on when it's hits this level. Could go up to as high as $390. This is something that I would love to enter for a day trade and potentially even start a swing trade position at a retest of this up-sloping trend line. Again, as you can see, this was support at one time. Once it gave way, then it's going to be resistance. And that's how we use trend lines. And this is more of a hidden trend line that a lot of people will miss. So, this is why it would be interesting to get into this at this level um now that we've identified this hidden trend line. Team Atlassian um Corporation had this nice move to the upside. I'm eyeing $92.93 for a shortable level today if we can get to that level. On this was a prior gap in the charts as well as this red bar high right here before this pretty substantial sell-off all the way down to $55.91. Once we got to that level, had this really nice bounce. Now we're getting a sell-off in today's price action. However, we're still up on the day. If we do get a continued sell-off, it'll still be up on the day, but I would be looking to enter this trade on TEAM at a pierce of $75. Notice you had this red bar candle low here. All of this price consolidation, and then this red bar candle high here. This gives me further confidence that there are a lot of buyers who are going to be stepping up hoping that it gets back into this level so that way they can take this nice move to the upside. Nvidia is actually having a pretty sharp sell-off today. It got down as low as this low pivot at $197.20. Now, this would have been a level yesterday. So, for me, what I'm looking at is a pierce of $195. You have this prior gap in the charts on Nvidia at $195.56, but what I'd look for is a pierce of that gap, and then get all the way down right above this red bar candle high at $194.37. So, this is my support zone on the chart of Nvidia if we can get a further sell-off in the markets and in the price action of Nvidia. Now, Amazon, a lot of information on the charts. Couple different things I'm noticing. The RSI, look at how strong the relative strength index is. Finally starting to create possible negative RSI divergence. You got this pivot top here, and possibly a lower high here that's starting to give way and a signal to the the sellers that they're going to start getting in control after these buyers step out of the way. Other things that I'm looking at is this up-sloping parallel channel. Pivot low here, secondary hit here, third hit, fourth hit. Now, look at how it hit this trend line pretty significantly. Got up to this midline of the parallel channel and got a minor rejection. Not a huge rejection, and then all of a sudden, once we gapped above it, we were off to the races. Now, we're starting to get some rejection or at least a little bit of a rejection at this up sloping trend line or up slope or up sloping parallel channel, the upper end. And you connect this pivot top here, secondary hit, third hit, and now we're into all this resistance. So, here's what I've been anticipating on the chart of uh on Amazon. If we can get back below $258.74, you're looking for price action to get to the midline of the parallel channel. And it really depends on when it hits. So, I would look for a downside move to $238.10. And again, it really depends on when it hits the midline of this parallel channel. The other thing to think about though, and as swing traders or day traders, we have to always look where our next level of resistance resistance is. And so, now that we're above the $270 level or right at 270, the next level of psychological resistance is 275. Doesn't necessarily mean it's going to stop there. The next level of resistance on a psychological level would be that $300 whole round number. And I'll go into why that's such a key psychological resistance when I go over the chart of Intel. And I'm going to do that in a couple charts. Next one is Microsoft. I did think that there was going to be an additional selling pressure in Microsoft yesterday. Excuse [clears throat] me, on the back of earnings. I had my long level at $393.11 because it had already kissed this previous price action right here where this green bar candle open at $397.96. Here's a down sloping trend line that I'm monitoring. If we can get back above it and stay above this pivot top here, secondary hit, third hit, price finally broke out, confirmed, re-traced, never confirmed back below. If we get back above this, then the bulls are in control, and then I would be looking to short this today on a day trade at $424.46. Once we start breaking above this gap in the charts, if you're a bull on the chart of Microsoft, $433.12 is your line in the sand, and then your next level of resistance is going to be 438.37. So, again, now that we've re-captured this up-sloping trend line, excuse me, down-sloping trend line, you are still going to have some support at 393.11, but now this is telling us that the bulls have re-captured this, and now we are going to see a nice move to the upside. We always have to see what price action is doing. We can have make our analysis on what the charts are doing, but the price action is really going to give way to what's going on in the charts, and every little bit of information from day to day, if we're using daily time frame, will give us that additional information to kind of help guide where the buyers and or the sellers are sitting. And in this case, the buyers have really stepped up, and now I do anticipate more of an upside move on the chart of Microsoft. Intel, key psychological resistance level. So, I'd mentioned yesterday that now that we had this move all the way up in the pre-market to 98, or excuse me, $99, had about a 7% pullback all the way back down to $91.62. Your next level of resistance is going to be that whole round number of 100. And so, this is again why we look for those psychological levels, because we got a rejection off of that $100 level, dropped about a 1 to 2% move. Now, if we start re-capturing that, or put in bullish consolidation right here at $100, then we got to look to see where our next level of resistance is going to be. And because it's a $100 stock, I wouldn't necessarily be looking for $125. What I look for is $110. That is about a 10% move to the upside after it can recapture the $100 level. I'm going to turn on the RSI for you. Look at how overly extended you are in the chart of Intel. INTC, as you can see, the [clears throat] RSI doesn't really get this high. It's done it one time, created some negative RSI divergence, and then a huge [snorts] flush out. Even tried to get back above it again before another rejection, and then you had this massive sell-off. So, if Intel creates some negative RSI divergence, even if we're starting to get above 100 bucks, then I would anticipate a further sell-off. Right now, the bulls are solely in control of Intel. But with this relative strength index getting as high as it is, 87.56, this is an opportunity for a major pullback in the chart of Intel. Going back in the charts, you had a pretty significant sell-off the last time. Doesn't necessarily mean it's going to happen this time. So, we got to identify where the support is. And that first level of support is going to be right here at the $90 pierce, getting down to about $87.53. We're going to need to recapture this up-sloping trend line to the downside. Once that happens, if you're in a day trade for a short or a swing trade short, then you would look for a further move to this gap in the charts at $67.95. And then ultimately, I think $54.37 is where the price of Intel is going to finally settle. This may take a while. From this $100 level, that is a 44% move to the downside. And once we start rolling over in the relative strength index, this will signal to the sellers to jump on board, exit their trade, and it'll really drive the price of Intel down. Last but not least, let's jump into Bitcoin. Couple different things that I want to address on the chart of Bitcoin. I did have an up-sloping trend line. We broke below it. We never confirmed. And if you don't know what a confirmation is, I highly recommend checking out the Winning Trader series. It really does a deep dive into what a confirmation signal is to avoid getting into trades on the wrong side of them. Now, let's go back into the chart of Bitcoin. Here's this low pivot right here. And we have a high. We have a higher low, a little bit of a higher high, higher sorry, higher high, higher low, higher high, higher low, higher high, higher low. For the bulls to stay in control, now here's your line in the sand. Basically, a close below $75,000 would negate this potential up-slope or leapfrog pattern, which would take it up to 80,556 bucks. For me, you have this major pivot in the charts right here. So, I This is where I would be looking to short Bitcoin if it heads up there today. 80,556 bucks. Now that we've already gotten up to this the current pivots right here, we've tested it 1 2 3 4 times. This is the fifth time. This tells me that this resistance level is getting weaker. I do anticipate a pullback at $80,556. But if we can do this similar consolidation right under this resistance level, there's not a ton of resistance until you get up to about $85,346. So, a couple different ways you can play this. You can start a swing trade short here if you see price consolidation right underneath $80,556. Just make sure you put a stop out at any daily closing basis with confirmation above that. Or you could look to add to the position at 80,346 bucks. On the downside, if we do get a sell-off, I would look for a pierce of this double bottom at 75,000, and that would be a day trade for me. That would be over a 3% drop to the downside, $3,000, 4.66%. Once it does pierce that, you should have a lot of people who are looking to get back into this trade if they're not in it already, or add to their position at 74,951 bucks, which is why I would go long. Again, once we start breaking that level, then you're going to see a downside move to about 70,743 bucks. It really depends on when you get to this down sloping trend line. I would actually wait for a price to get down to 67,870 bucks. This is going to be your next major support level, and this is where I start picking up Bitcoin for a swing trade short. I mean, a long. All right, that's what I have for you guys. Um, if you guys could do me a favor, go ahead and hit that like button real quick. And then, if you also have a chance, um, make sure you're sharing this with your friends. Um, comment, because I love to read all your comments. And then, last request is hype this video, so that way we can reach more people, uh, so that way they can get the same information you're getting. Couple other things, um, we have Verified Investing Extras, where we give you guys additional information. So, go ahead and scan that QR code and get access to additional free YouTube videos on stocks, commodities, crypto, um, currencies, and the broader markets and individual stocks that are moving for that day. So, you guys want to check that out. Uh, there's a lot of good information. And then, uh, if you guys want actually us to walk you through the trades, Apex Live Day Trading Room is where you'll want to go. We actually closed out several winners today, um, over, I think over $10,000. So, you know, if you guys want that same market information, some action, exact entry prices, exact exit prices, then we'd love to have you there. Make money alongside of us. And with that said, you guys have a great rest of your day and we'll see you guys next time in the charts. See you guys later. Yeah. >> [music]