[bell]
[music]
>> Good afternoon everyone and welcome to
my ProCharts stocks video. My name is
Jake Sweeney, pro trader here at Bear
Five Investing. And today I had a great
video for you today. Focus of today is
going to be giving you guys some key
support and resistance levels to watch.
And also giving you guys some swing and
day trade levels of stuff that I see
coming up. And whether you take that or
not or watch how it plays out, be my
guest. Thank you guys for joining me
today. Let's get into it. First one on
the dock is SpaceX.
All right. First off, SpaceX having a
great day today. So,
what I'm noticing first is that
we had the we sold off yesterday for
after pushing up here, but we kind of
bounced off these two trend lines here.
And today we're trying to push back up.
So, resistance-wise,
resistance-wise, I have this up-sloping
trend line here from this
July 14th pivot. 1 2 3 hits. If this
pushes up to about 156
today
or tomorrow, 156, there's going to be a
lot of resistance here. And I say that
because it's this sending trend line, so
it has three hits, so a valid trend
line. Also, if we go to 156 over here,
there's a lot of tail and a lot of wick
rejection in this area from 156 to 157.
I expect a lot of resistance there.
Should it continue to push up, there's
this unfilled gap here at 160.42.
This should be the next main level of
resistance. And this zone here should
act as a magnet uh, to pull price
towards as it
um, price closed here and then gapped
down leaving this unfilled gap. Price
tends to come to these levels and fill
them eventually.
If we can break past that gap fill, this
pivot top here, or just this uh, candle
high here at 165.50,
uh, showing two candle rejections also
in this level, should be the next level
for SpaceX. For support-wise,
I have this up-sloping trend line now
has three hits with yesterday's hit. So,
we could start continuing making higher
lows relative for SpaceX and trying to
continue on higher past this 150, 160. A
lot of resistance here in this area.
Should we
break from this one, we still have this
down-sloping trend line that first we
broke out of right here on September
3rd, and since
uh,
the first week of September, we since
have been kind of bouncing off this
trend line. So, if this one breaks, look
to this one, uh, towards the downside at
about 140 lining up with some, uh,
candle top here. Those are your levels
for SpaceX, guys. Continuing to push up.
Looking at Meta today. This is a stock
that I was looking to short today, but
it didn't give me the volatility that I
needed. That is okay. First up, what I
was looking to play was this gap fill
right here at about 688. Price got to
about 644 and came well in as we see
here, but that's all right. We uh, we
don't chase when our levels get missed.
We got to stay disciplined and
responsible.
All right. So, where's Meta going to
continue going? It's trying to It's one
The big story of the week for Meta is
it's broken out of this trend line right
here. One, two, three, four, five, six
hits. We finally punched through that
trend line after this trend line has
gone hit about six or seven times plus
getting more frequent more frequent plus
more hits trendlines will eventually
break to the upside. Now
could see a a retrace to this trendline
as we did yesterday and although we did
close above. So we could be
consolidating in this area about 670 675
to see if this move has legs to move on
higher.
Next resistance
I expect it some at about 710
for meta.
So a swing short level that I'm looking
for here is if price pushes up into
about this 730 740 area where is this
large pivot top here at 740 and then
this unfilled gap here at 738 31 in that
dollar zone. That's where I think would
be a good swing short on meta.
And that was my
and then support-wise we already talked
about this one. Now we also have this
steep upsloping trendline that should
act as support. A lot of hits right
here. Price broke below but did not
confirm reclaimed it and has since
coming back up. So kind of right in this
cross confluence area around 657 we have
this downsloping trendline upsloping
trendline both acting as support and a
relief
pivot at 638 40 should we come down we
should find ample support here as we did
last Wednesday.
Looking at Circle today under pressure
today
down 5%
but we did bounce off this upsloping
trendline. Into the open we sold off and
now we're recovering
pretty well.
But we have this now 1 2 3 and now today
would be a fourth hit. So a new
upsloping trendline that should act as
support as we continue on higher. This
7841
low tail here should act as additional
support as we're seeing a lot of
consolidation in this area. Price right
here gets rejected and then we come back
up. We punched through it but barely
close on that level. I think this is a
great support level 7841
for Circle.
Now on a day trade I'm looking for
Circle if it can push back up towards
this 9697
level maybe tomorrow after this FOMC
decision.
Uh 9697 we have this gap fill, this low
uh pivot here and then we also the 786
from this previous run. All stacking in
kind of a few dollars zone in this
region should be a lot of resistance for
Circle.
KBH one of the home builders uh consumer
dur- durables also uh making higher lows
off this sharp sell-off. So we bounced
down off here and now today uh
with last Friday's price action we now
have a higher low support trend line.
So three hits here for the downside for
support. I'm looking for KBM
if price continues to push if price
continues to push back up still about
15% away.
Um but if we push up into this zone we
have this pivot top here at 5755
and then unfilled gap at 5859.
This right here will be my swing short
zone on a sharp move into that level.
But you could see try and look for this
low pivot
for KBH.
Um as we see price
likes this 4817 level.
Uh we may come back down but we could
continue to run back up. I don't see
price breaking below 47 near term.
SoFi, this is just a quick day trade for
you guys. I was looking at today, but we
didn't didn't give our level, so this
could be a play for
uh maybe tomorrow or Friday should it
continue lower, but there's this pivot
here at 1661.
Price got as low as 1682 today and then
this unfilled
Let me move this uh
Let me remove that red part. There's
this red bar candle right here, this
unfilled gap at 1631.
So, price is now hammering on this
support line here. Should we fall down
further into this zone, could be a nice
scalp for a day long on SoFi.
Looking at GEV, GE Verona having a great
day today
up about 5%. Um beginning shut down. We
filled the gap here at 924, 925, but
we're since coming in a touch. So, this
could be credit from this trend line
right here from March 9th, 2026
two, three, four.
And then
we break below this level here. Right
here we get rejected. We push back up
and then break below again. And now as
we're coming up to it, we could credit
this trend line for getting it halted
today. If GEV looking at this continues
to push up, there's this pivot here at
948.38 and then this unfilled gap at
957.25
um 957.27
in this zone here could be a good short
on GE Verona.
Um also have this long-term
trend line from July 30th, 2025
projecting price right there, rejecting
and then accepting.
If price were to come back down as we
made a lower low here,
if we break through a low this pivot
here at 852,
we could see some support here
um on this rising trendline as it has
been tested since February of 2026 for
support. So, if we line this up about a
day later, about 844 to 840
five uh for the next couple days could
be some support for GE Vernova. And as I
say that, 844 845 also lining up with
some prior consolidation here. Has some
legs to run higher.
Last one on the day, guys, is LIT.
Now, this is a day trade that was um in
the room we were also watching uh this
unfilled gap at 927.03.
Price got close, but then has since
pulled back. So, watch this level for a
day scalp
a swing short level. I'm looking at this
zone up here about 985 to about 1,000.
Well, one, we have this
candle high here at 985 with a lot of
rejection into this level. I like seeing
all these wicks into this level, showing
that sellers will defend this level at
985.
Then, this is a premature trendline
because this only has two hits and in my
methodology, I need three clean hits.
However, kind of pre um
assuming if price continues to push up
into this 985 zone, could get stopped um
around 1,000
or 10 8 10 16. Also, there should be
plenty of resistance at the
psychological 1,000 [snorts]
handle for LIT.
Should we come in for support for LIT,
this pivot here at 836.91 should offer
ample support.
And then we also have this upsloping
trendline from this low pivot.
And as we see here, price is bouncing
off this trend line 1 2 3. So, we could
have some more dynamic support into the
840s 850s.
Thank you guys so much for following
till the end of my video today. If you
guys didn't know, um
I just want to
say that at Verified Investing, we offer
a bunch of free technical analysis,
daily charts, and tweets that we do
every single day giving you guys key
levels
to watch for your swing and day uh trade
setups. Um
go take a gander at that and see if you
like how I trade. Let me know if you're
more contrarian trader or if you're more
of a momentum trader.
Um I think both can excel uh to certain
degrees. Uh leave me a comment below,
okay guys? Um stay tuned guys, big day
today for that FOMC at 2 to 2:30. Um a
rate hike is priced in. We shall see if
there's any curveballs. All right guys,
thanks. Have a great week. Take care.