Key Trading Levels for S&P 500, Tech Stocks, and More

Summary

This digest analyzes key trading levels for various market indices and individual stocks. The S&P 500 is currently filling a gap at 3425, with consolidation above this level suggesting further upside. A shortable level for the S&P 500 is identified at $737.81. The SOXX shows continued weakness, with a potential shortable level at $624.65, though a 4% move to the upside would be required. Microsoft closed above a critical support level and is trading at $371.05, with a shortable resistance at $382.11 and a longable level at $352.89. Amazon is eyeing a potential short at $234.27, with support at $221 and a buyable level at $226.50. Google has a shortable level at $349. Netflix, after a significant fall, shows a nearly 6% bounce from its close, with an aggressive shortable level at $77.38. Palantir is trading above a previous pivot at $105.32, with a key resistance for a short at $119.91. Micron shows a surge from its lows, with a shortable gap at $1,213.56 and a longable support at $1,087.55. Bloom Energy has a longable gap at $260.19 and a shortable gap at $291.73. Western Digital is seeing buyers step in at $594.60, indicating a potential long entry. SanDisk has a shortable level at $223.35. For LITE, a previous gap at $772.27 is a potential level to monitor, and a head and shoulders pattern suggests potential downside to around $600.