[music and bell]
>> Hey folks, Nick Valdez here for Pro
Charts Stocks Edition everybody. We got
to look at the S&P 500 rejecting off a
trend line. Also, we're going to look at
some Elon companies, SpaceX and Tesla,
and then we're going to check in on a
meta trend line date all the way back to
2024. And that that stock right there is
looking a little bit dicey folks, but
let's go ahead and jump into the S&P 500
charts. This is a trend line that I've
noticed that you know, we kind of broke
above some of the older data trend lines
here. But if you look right here, we we
capped it here, capped there, and then
this is creating a nice little trend
line to the downside, but this is
originating all the way back here at
July of 2024. You can see we knocked
against it right here, knocked against
it right here. That establishes trend
line that gave us our current
resistance. But you can see right here,
this could be a potential beginning
stages of a bull flag breakout. We have
this nice little move to the upside, a
nice little bull flag pattern right
here, and then it started to break
above. And I might be wondering if are
we coming down for a retest of the
recent highs that we saw here starting
in June of 2026? And if we do, that
could be you know, a a not insignificant
pullback, but in the grander scheme of
things, pretty insignificant when you
look at some of the gains that we've
had. This would be close to a 3%
drawdown or 2.8%. But let's go ahead and
jump in and check in on SpaceX, cuz
SpaceX also hitting a very critical
number, and then we're going to look at
Tesla everybody. SpaceX getting very
close to this $150 launch price. Now,
you might be wondering, well, I thought
they IPO'd launched at 135. Well, the
trading opened at 150. 150 pretty much
on the dot.
And if you look for the major retest
that happened after the pullback from
220, that we we ended up hitting that
same level of 150. You can just see how
clear the nice little support level
right here is. We had a nice little move
to the upside and then the stock pulled
back and it pulled back hard. But, let's
zoom in. Let's actually go to the
one-hour chart. I want to show you how
close Look how close we came into 150. I
have it on 7 cents. So, you know,
basically it's right above the 150
level. I can try to move it down a
little bit. The the Y axis is just so
sensitive here cuz we're, you know,
above $100. But, we did not quite hit
that level and now I'm wondering did
people front-run the 150 short with
There's just a lot of interest there to
short at 150 and then the algos, the big
hedge funds are going to say, "No. No,
we're going to stop. Stop in the name of
shorts
before you break my bank." All right,
let's look at Tesla, everybody, and I
apologize for that singing. All right,
looking at Tesla. Tesla had a nice
little support area right here. You can
just see a descending trend line
established from this pivot low in
November of 2025, this pivot low in
April 2026, and then came down and what
do you know, we tested that same level.
If I had a look for area for this let's
just say short-term rally to cool down.
I'm looking at this pivot top support
right around 365. You see pivot top
here, pivot top here. Tried to hold as a
pivot level for to the downside, but
then would crash below. And what do you
know, when it first tried to break
above, one, two, three strikes you're
out. Got pushed down, hit the
established the trend line right here,
and then ended up getting a nice bullish
move to the upside. So, keep an eye on
this 365. And this is another level. You
can see the price didn't quite come to
it. Maybe maybe uh had me thinking that,
"Hey, you know, we had a lot of orders
there at 365." People say, "All right,
I'm I'm going to enter in on 365." And
then the price just would not go that
low. And then it punished the people
with those limit orders as the price
pushed down a little bit heavy. Shake
those weak hands out. You got to shake
them out, folks. Shake it off. Uh to the
I guess the Taylor Swift fans out there.
Are there any Swifties watching this? I
I would doubt it, folks. I would doubt
it, but she's very popular, so there
might be. All right, let's look at
Corning Glass Works here.
GLW Corning, of course, makes, you know,
way back in the day it was known for
fiber optics, but they're just going to
make a lot of glass components. I used
to actually live in a town with a
Corning Glass Works factory in North
Carolina, but I'm keeping an eye out on
this move to the upside. The stock is up
nicely today. It's up 6%. It was up, you
know, if you include the pre-market,
it's up almost 10%. Uh 9.91, that's the
dollars rather, sorry. So, up up almost
$10 today with the 6% move to the
upside. Look at this little rally that
got stalled. Rally got stalled. Rally
pushed above, came back down, and what
do you know, the rally got stalled as
it's tried to do another second leg to
the upside. I wouldn't be surprised if
the rally gets stalled yet again, and
you could make an argument for a little
bit of a a neckline of a head and
shoulders. You see the left shoulder
here, inverse rather. You see the head
pattern starting to form, and then I
wouldn't be surprised if we push back
down for one more move to the downside
before Corning Incorporated or Glass
Works could move to the upside. Now,
let's go over a a stock pick that I gave
you for free on the website. It is
verifiedinvesting.com.
You check it out below. We also have an
app if you want to check out the app,
everybody. The call I gave you was Fox
Business or Fox Incorporated rather, the
the parent company of Fox Business News,
Fox News, Fox just, you know, what what
does the fox say? Well, the fox said, I
move to the downside. Now, I did wick
above, but then folks, this was a really
good short entry.
You see here, if you if you came in, you
had a nice little entry, and then this
also kind of just intersected with that
same level. So, it was a little
underwater, not not much, folks. I mean,
if we can go ahead and get the measuring
tool here. It was 0.35% to the upside,
but then a nice little move to the
downside, about 6-7% 0.7%. So, nice
little swing short opportunity if you
jumped in on that one, you could add to
that position,
raise your average entry price, and then
push back down. But, it looks like the
bulls trying to push it back above.
We're going to be keeping a close eye
out on where this daily candle closes.
And this just looking at the pivot high
here, and we have a ascending trend
line. But, Fox is up a decent amount,
folks, over a short period of time.
This is a 40% rally in less than 2
months. So, keep an eye on that for that
rally to potentially run out of steam.
Speaking of running out of steam, we do
have SanDisk running into a 6.18
Fibonacci retrace here. And so, what you
got to do is you got to get your
Fibonacci tool. It's on the left side of
TradingView. You go to the top section
here, and if you pull it down, that's
when you're going to see that 618.
And if you want to see more of them, you
can go to the settings and, you know,
put in the 382, put in the 50% retrace,
and the 786. You have different levels,
folks, if you want to see these
different levels, but keep an eye out on
It looks like this one may be running
out of steam. SanDisk, everybody. So,
looking at SanDisk SanDisk here, we also
have a little bit of a pivot top as it
starts to go straight across from this
level right here. So, I'm keeping an eye
out on that one. Let's look at Deck.
Decker Outdoors. Deckers Outdoors.
Probably never heard of that company,
but I guarantee you've heard of some of
their brands. It's a footwear company
known for shoes that go outside, but
their most famous shoe is mostly worn
indoors. That's the Ugg boot. UGG. You
probably seen those Uggs.
Some say they're ugly. I don't, you
know, it's beauty's in the eye of the
beholder, so I'm not going to judge you
if you have some Ugg boots. I know
they're super popular back in the day.
Doesn't look like it's super popular
last couple months here.
We have a descending trend line right
here. We did go a little bit below, and
then the next daily close actually
capped right there, then pushed back
above, and came down for another retest.
This is starting in December of 2025. I
also put this call out on
verifiedinvesting.com if you want to
keep an eye on that. And we have this
descending trend line right here. It
looks like it's, you know, converging
right around $89 and 41 cents. But I
teased Mark Zuckerberg's stock here,
Meta. What is Meta doing? Meta
multi-year ascending trend line. This is
going all the way back April 24. And
then we establish our trend line with
the second touch right here. We had a
nice rally. Let's go ahead and measure
this actually. We would rally
Okay, a nice 6 7% 67% 68% and then it
would fall back down and retest this
ascending trend line. Had another little
bounce. Retested the ascending trend
line. Push below. But folks, I'm keeping
an eye on this one. Now the stock is
actually continuing to push down. Now
down about 3.84% down about $22. We go
to the one hour.
He has some heavy moves. Nice nice
little downside move there. So I would
look at that place for some potential
support. So let me know if you want me
to cover some different stocks in the
future. Put it down in the comment
section. I do appreciate you watching
the deeper cut channel, Verified Pro
Traders. And of course you can always
catch me on the main channel, Verified
Investing, where you can see my crypto
revealed show, where we reveal actually
change of Bitcoin revealed, where we
reveal the underbelly of the crypto
industry. Folks, there's a lot of
shenanigans there especially with all
coins. That's why we mostly focus on
Bitcoin, folks. Just a little bit of the
safer play in that volatile asset space.
But I appreciate you hanging around to
the end. Smash that like button. Make
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you in the future. Thank you very much.