Technical Analysis For Trading SPY And Top Tech Stocks, As Market Braces For Fed Rate Decision

Good Morning Traders! In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains. Now, let’s dive into the stock analysis:

SPDR S&P 500 ETF Trust ( SPY)

SPY is auctioning near our critical level of 561.90. Bulls need to drive price action upward to reclaim 563.23. Sustained buying above this area could propel prices to our next pivotal support at 564.29. Maintaining strength above 564.29 through regular trading hours would set the stage for a rally toward 565.38. Our high bullish objective today for SPY stands at 566.46. If support at 561.90 fails, bears will likely attempt a downward push targeting 560.83. If selling pressure intensifies at that level, expect further downside toward 559.75. Should sellers overwhelm buyers here, the next critical zone to watch is 558.32. In an aggressively bearish market today, our ultimate downside target for SPY is at 557.44.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around our significant marker at 483.95. For bullish momentum, we’d like buyers to establish control above 486.10, securing it as firm intraday support. Successful consolidation here would likely extend buying toward 487.69. If momentum persists, look for the bullish sentiment to target 490.05. With a robust buying presence, QQQ could test higher levels, approaching our bullish goal of 493.60. Should QQQ fail to sustain itself above the 483.95 level, anticipate bears pressing downward toward 481.73. Continued weakness would drive the auction further to test 479.03. An aggressive sell-off could see prices rapidly approaching support at 476.85. A decisive break here would expose our low bearish target for today at 474.66.

Apple Inc. (AAPL)

Apple is currently auctioning near our key pivot at 200.53. Bulls must solidify the support at 198.22 and launch a push higher toward 202.29. Continued positive sentiment could spur additional gains up to 203.48. If bullish strength dominates today's session, expect the auction to aim for our maximum bullish target for Apple at 204.33. If price action weakens below 200.53 during today’s session, bears will likely target lower prices, initially challenging the 199.51 mark. A breakdown here would encourage further selling, driving the price down to 198.79. Should bearish momentum continue, sellers could push Apple toward 198.22. Breaching this level decisively opens the door to our bearish objective for Apple today at 197.69.

Microsoft Corp. (MSFT)

Microsoft is auctioning near our essential area of 434.49. Bulls are tasked with achieving stability above 435.79, subsequently pushing price action upward toward the next critical level of 437.10. Holding firmly above 437.10 during regular trading hours would likely generate enough momentum for buyers to target 438.72. A persistent bullish bias could drive Microsoft to today’s upper bullish objective at 441.34. If Microsoft struggles and loses support at 434.49, expect bears to aggressively challenge the downside toward 432.49. Additional bearish pressure below this point would likely trigger a deeper correction down to 431.25. A sustained sell-off could subsequently extend to test 430.25. Under continued selling pressure, anticipate Microsoft nearing our bearish price target today at 429.25.

NVIDIA Corporation (NVDA)

NVIDIA is auctioning close to our vital level at 113.68. Bulls are aiming to push upward, reclaiming the 114.29 zone and solidifying this as a new support area. Sustained buying would then target further upside at 115.15. Continued strength on the tape could encourage a run toward 115.83. Today's bullish scenario projects a high target for NVIDIA at 116.61. Should NVIDIA fail to hold firmly above 113.68, expect bears to initiate selling pressure down to 112.54. If sellers successfully dominate this area, look for further downside action targeting 111.70. Persistent bearish strength could subsequently bring 110.73 into focus. Continued selling pressure could result in NVIDIA reaching today’s bearish objective at 109.86.

Alphabet Inc Class A (GOOGL)

Alphabet is currently auctioning around our pivotal price point at 163.79. Bulls must reinforce this support and move higher toward 165.41. Sustained bullish momentum is expected to lift Alphabet toward our upper bullish target today at 167.04. If Alphabet weakens and loses 163.79 as support during today’s regular session, expect bears to drive prices down initially to 161.79. Additional selling would lead the auction lower, aiming for 160.36. Should bearish pressure persist strongly, Alphabet could decline further to reach today’s lower bearish target at 158.54.

Meta Platforms Inc (META)

Meta is auctioning around the significant level of 591.29. Bulls need to establish robust support at this level and attempt a push higher toward 598.17. A strong bullish auction could carry price action upward toward 604.50. Continued buyer enthusiasm today could propel Meta toward our ultimate bullish objective at 609.30. If support at 591.29 fails during regular trading hours, expect bears to target initial downside at 585.73. Further deterioration could drive prices lower, challenging 580.17. Should bearish control dominate this area, anticipate additional weakness toward our low bearish target today at 573.25.

Tesla Inc. (TSLA)

Tesla is auctioning around the critical zone at 278.11. Bulls will look to push prices upward, reclaiming the 279.43 level first. If buyers maintain a firm presence, anticipate further upward pressure toward the next significant mark of 281.32. Continued bullish sentiment in the broader market could see Tesla advancing further, targeting 283.95. A robust buying environment might bring Tesla to our high bullish objective today at 286.34. If Tesla struggles to sustain support above 278.11, bears will likely push lower, initially targeting the 275.07 level. Extended selling could further pressure prices down to 272.42. Should this bearish momentum intensify, watch for the critical support area at 269.48. Breaking decisively below this would expose our lower bearish target at 266.83.

Final Word: 

Today’s market is expected to experience heightened volatility, with significant events driving price swings. At 1PM ET, the Federal Reserve will announce their interest rate decision, widely anticipated to remain unchanged. Immediately following at 1:30PM ET, Fed Chair Powell will host a press conference outlining policy directions, economic outlooks, and potential shifts in monetary policy strategies. 

Additionally, market participants will closely monitor any new developments concerning geopolitical tensions, especially related to the global trade disputes, tariff discussions, and heightened friction between India and Pakistan. These catalysts combined suggest today will offer substantial trading opportunities alongside increased risk. Exercise careful risk management and stay alert.

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