Weekly Watchlist: Key Levels for $QQQ, $MAGS, $AAPL, $MU, $AMZN & $TSLA
The market rebound is creating opportunities, but each chart is telling a different story. Here are the key levels and setups I’m watching:
🔹 $Invesco QQQ(QQQ)$
The bounce from the lower Bollinger Band lacked conviction, similar to several recent failed rebounds. The 200-day moving average has held as support.
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Key level to reclaim: $693.80
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Downside levels: $686, $680 and $674
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Momentum remains weak unless price reclaims $693.80.
🔹 $Roundhill Magnificent Seven ETF(MAGS)$
Have the Magnificent Seven finally come to the rescue? The bounce from the lower Bollinger Band is consistent with previous rebounds.
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Key support: $69.40
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Bullish above $69.40
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Next hurdle: 20-day moving average
🔹 $Apple(AAPL)$
As anticipated, the move below the lower Bollinger Band favored buyers, making short positions extremely risky. The rebound was fast, but the stock is overbought again.
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The $334 price gap remains a potential upside magnet.
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My daily email covers the exact levels to navigate momentum and protect long positions. Link in bio.
🔹 $Micron Technology(MU)$
$MU may be finding a floor after finally touching the lower Bollinger Band.
The overnight sell-off could push price below both its daily and weekly bands tomorrow, potentially triggering oversold signals.
🔹 $Amazon.com(AMZN)$
The stock reached the $267 extended bullish target after previously targeting $254, despite post-earnings headwinds.
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Weekly gain: +10.7%
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The key focus now is whether price loses the levels identified in today's daily note. A breakdown would validate the shooting star candle as an active bearish reversal signal.
🔹 $Tesla Motors(TSLA)$
The $377.30 gap has been filled, clearing the way for buyers.
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Next upside target: $396.50
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Some turbulence may come before price reaches that level.
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Invesco QQQ (QQQ)
watchlist
fell 6.49% to US$647.05 on 2026-11-06 , extending its decline to 9.55% over five trading days and 13.45% over 20 trading days . It is now 15.18% below its 52-week high of US$762.86, but still at the 44th percentile of its 52-week range—not a historically depressed long-term price zone.
Why it is oversold tactically
Your RSI6 of 18.59 on 2026-11-05 is clearly oversold. It is near the recent extreme of 15.55 on 2026-10-16 , which preceded a short-lived rebound.
The 2026-11-06 sell-off was disorderly: QQQ opened at US$683.12 and traded down to US$647.05, with a 5.29% intraday range and a 2.33 volume ratio . That is consistent with forced de-risking rather than routine profit-taking.
Price had already broken below the 20-da