Market Movers: SPY, SOXX, and Key Tech Stocks

Summary

Yesterday's market saw a significant upswing, with the SPY closing up 1.7-1.81% and continuing its rise today. Resistance is noted at $743.72, with a shortable level at $748.17. The SOXX experienced a strong rally, with a potential top forming signaled by reversal candles. Key shortable levels for SOXX are $62.72 and $616.17. Microsoft bounced off $384.24, but further downside targets are $366.82, while an aggressive short level is $397.22. SanDisk, despite a recent sell-off, remains in a bull pattern with resistance at $2,563. Adobe saw a drop, with a long-term support level at $186.27. Nvidia has an aggressive short-term scalp level at $28.19. SpaceX is launching today, with potential money rotation from other stocks affecting market momentum. Rocket Labs, added to the NASDAQ 100, has support levels at $99.58 and $96.30, with a shortable resistance at $123.32.