NDX, SPX & SMH Charts Flashing Key Technical Signals
Momentum is building across the major indexes, but several critical resistance and support levels are now coming into focus.
Here are the three charts I'm watching. 📊
1. $NASDAQ 100(NDX)$
Price action is narrowing, anticipating a big move is coming. Don't fight the bullish move, but beware the gap below, -1.8% from the latest closing price.
Bulls want a gap fill for good, the next hurdle is 30,180.
2. $S&P 500(.SPX)$
Bullish resolution: Breakout above the diagonal. With the price not yet overextended, more upside is likely.
Last night, subscribers received a central level of 7,524, with bullish targets set at 7,566 and 7,589.
3. $VanEck Semiconductor ETF(SMH)$
Posted last night this chart to subscribers: risks in semiconductors.
The premarket action is bearish. I'm now posting daily levels for the $SPX and zooming in on the critical elements to watch.
Daily levels were shared for $Micron Technology(MU)$ $Advanced Micro Devices(AMD)$ + more semiconductors to navigate them.
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