[music] Each afternoon, 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. >> There is a lot of red on my screen today. A lot of different charts are getting into some key support levels. If we get a continued draw down, we have some buying opportunity for you. Welcome everybody. My name is Benjamin Pool, head trader here at Verified Investing. I'm going to show you my watch list as well as the US 10-year. So, the US 10-year is onto a lot of support. So, it does have the potential to continue higher on the US 10Y. So, here's the chart. Look at all of this red on my screens. SMCI down 18.23, 23 Wolves down Bloom Energy down GNRC AA so Alcoa SMNT or SMMT A R Y Solar Edge on GEV is getting crushed today down 6.4% 4%. This is an energy stock. Lucid Technologies, WDC, all down today. Now, I haven't gone over some of the ones that we're looking at, but here's this upswing trend line on the US 10-year pivot low here. Secondary hit. Look at this price consolidation as this continues to grind up a little bit higher once we take out 4.579%. 4.688 is where my next upside target is on the US 10-year. S&P. I was actually anticipating more of sideways consolidation inside of this red bar candle. Now the S&P 500 is rolling over. My long level today is 725921 on the chart of the S&P. Now if you switch over to the SPY because this is what we'd be trading, you're looking at $723.77. As you can see, we did get to that low or that gap in the charts yesterday. However, because of the rebound that it had on yesterday's price action after to about 230, that gives me further confidence that there are still a lot of buyers setting up. So, 20 uh $723.77 is my long level on the S&P 500. The SOXX, I did not have any aggressive levels yesterday. I did not anticipate this significant of a rollover. However, this G gap in the charts, I did mention this was going to be a lot of support. It flushed there and got to this secondary gap fill in the charts. $53,721 for today is your aggressive level. Your secondary level is $524.71. If you're a little bit more conservative, take this secondary level. And the reason is because you can always stop out at a a 15minute closing basis below 52272. ARM had a nice drop yesterday. I did mention that here was a level right here at 30283 and then all of a sudden the S&P 500 filled the gap. The AR or the SOXX filled their gaps and we had this huge surge to the upside. Now, because we put in this low pivot yesterday, $298.38 is where I would be looking to go long on ARM today. SanDisk, what a rally today. So still upsolving trend line is intact. Pivot low here. Secondary hit, third hit, fourth hit, fifth hit. Look at how much support this upsolving trend line has given the stock of SNDK. The net the thing to watch for is how many additional times consecutively over the few days can it actually hold that? If it starts breaking or when it starts breaking, it's got to close below this low pivot like it's done before. But if it closes below this low pivot with a break of the subsuming trend line, watch out below. You're heading lower on SanDisk. So for me, this is not a day trade. This is where my downside target is or at least the initial downside target. If you're looking to swing or day trade SNDK, you have a lot of support sitting right here about 1535. Look at this opening candle, red bar candle, prior gap in the charts, low pivot. This is where we got a bounce yesterday. 153517. So, I do anticipate a move down there today. And if it does happen by 230, that is where I'd be going long on a short basis. Look at this previous gap in the charts. We got up there this morning at 175968. Got a nice pullback. Now, we're down almost $100 off of that level because it's already done that twice. If we do get a rally in the markets, my shortable level is 183150. Nvidia is getting another sell-off. I have a ton of support on the chart of Nvidia right here. Price consolidation here. Look, a ton of more price consolidation got above it. Finally closed below. However, the bears got out of control. The bulls took over and now we're getting this move to the upside. This would be a retrace just like what happened yesterday. $199.97. pierce of 200 bucks is still where I'm looking to go long on the chart of Nvidia if we can get that much of a drop today. The stopout would be below this low pivot. So, if it closes below $199 on a 15-minute closing basis, you have two options. You can either look to dollar cost average all the way down to this gap in the charts sitting right here at $196.50 50 cents or you could just look to stop out of the position on a 15-minute closing basis below that and then look for your next support which would be 19650. SMCI is having a nice draw down today as well. So 3350 gap in the charts right here 3345 beautiful gap because this has already been filled and they had a share offering. So they're un or they're offering more shares to the market because again this has already been filled. I would be looking for another move to the downside. So, my aggressive long level today is $30.56. Knowing that I have additional support right here at this low pivot at a pierce of 30 bucks getting down as close to as as far down as 2950. That would be an a more conservative entry price on the chart of SMCI Meta. What a fall today. Continued selling pressure. Going into the morning session, I had $575 as my long level. Now that it's already looking to play out a little bit. Now, it hasn't fully played out. So, it's still into a lot of support. So, if if it's there by 230 and it's still consolidating there, that means that there is a lot of buying pressure in this market and you could take advantage of it. If you're a little bit more conservative, wait for this low pivot at $564.76. That would be the level for my conservative traders. Now, if it starts breaking below that, you do have additional support right here at basically a $560 pierce for an aggressive or a more conservative trading level. Now, AVGO, AVGO on the back of earnings just continued the selling pressure and this is kind of what started the momentum shift from the semiconductors being overly bullish to now weakening. And so that's what we're continuing to see in AVGO and a lot of these markets. AVGO is need going to need to drop a little bit more for it to get to my level, but I have an aggressive level for you guys if you're interested. This low pivot point right here is still in play. So, let me go ahead and add this to the chart right here. Low pivot point at $370.33. Flushed this gap in the charts. got all the way down to this low uh this um opening candle, opening price of the green bar candle or right above that. So, there are going to be a lot of buyers in this um trade. If we can get down to that level again, 37033. If it does close below that on a 15-minute closing basis, you would look to stop out. And look at this gap right here. $354.91 is going to be a major gap in the charts of AVGO. Not only that, but if you zoom out, look at where this gap fill goes. Not only do you have this gap in the charts, but you have this prior gap in the charts, as well as all of this consolidation right underneath it. So, after we break out, this is going to be a major top on the price action of AVGO. So, 35491 is that level. Tesla's falling down as well. Did break this up trend line. the more often an upselling trend line. If we go back to the SanDisk chart, look at this pivot low, secondary hit, third hit. Look at all this price consolidation. Now, let's go to SanDisk. Pivot low, pivot low, pivot low, sideways consolidation right on top of support. And then go back to Tesla chart. Look at what happened. This hasn't gone back to retrace it. As soon as it flushed, this thing cratered 7% in one day. Sideways consolidation with the rest of the markets. And now we're heading lower. So here is a opening candle of a red bar candle as well as a ton of price consolidation in this area. So for me, $37,968 is getting interesting for a potential day trade and a potential swing trade. Knowing you've got this gap, previous gap in the charts sitting a little bit lower. As you can see, once that was uh support at one time became resistance, then it was support again. And so that actually helped create this upswing trend line on the retrace of this gap in the charts or the previous gap in the charts. So if you're a little bit more conservative, you're waiting for an additional pullback. This is your confluence zone right here indicating that not only is are there buyers on this upswing trend line at one point, but there were previous buyers at this gap in the charts. $367.33 is your level. Day trade potential aggressive swing traders 379.68 68 is that level. Micron's having a nice sell-off today as well. So, let's switch on the logarithmic charts. Oh, that was on the relative strength index here. Let's switch this on. Notice what's happening. Pivot top here. Secondary hit. Third hit yesterday. Filled this gap beautifully and then got a nice bounce along with the Q um the spiders, the Q's, the SOXX. Now we're falling. We did fill the gap. got a little bit of above it. But look at this price consolidation on this upswing trend line. So this could have the same effect that SanDisk did where you get this upswing trend line break close below and then all of a sudden this thing can crater. Aggressive uh day traders $854.35 is your level to buy U MU. Your next level of support is going to be this previous pivot top, opening price of a green bar candle. So, if you're a little bit more conservative, wait for this pivot top right here at a pierce of $820 bucks. And that would be a $35 move from this low pivot. So, if it does, if you are aggressive and you want to get in right here at this low pivot at $85,54.35, then you would look to enter the trade, but stop out on a 15-minute closing basis, unless you don't mind dollar cost averaging down 35 bucks. So, that's what I have for you guys. A lot of different red, a lot of red on our screen. I know I went over some of them that I did not cover in this video, but there are so many stocks that are getting beaten up that I wanted to take the big names, something that the institutions and retail investors are really looking at for potential bounces. And so that's why I chose these specific names. So that's what I have for you guys. If you guys are getting something out of this, please make sure you're liking, you're following, subscribing, sharing with those friends so that way they can get the same information you guys are getting. Don't hide this. Don't save this for yourself. share it freely so that way other people can be informed on what's going on in the markets and plus it's it's fun to talk about the stock market in uh it when you're at family gatherings or friend gatherings. So anyway, that's what I love to do. If you guys like to do the same thing, I recommend sharing these videos. So you guys have a great rest of your day and we'll see you guys next time on the charts. Take care. [music]