Key Stock Levels for Today: SPY, SOXX, and More

Summary

Today's trading analysis focuses on key support and resistance levels for major indices and individual stocks. For the S&P 500, or SPY, a critical support level is $731.58; a break below this on a daily closing basis could send it to $723.77. Resistance is noted around $740.96, with a target gap at $744.39. For SOXX, the uptrend line remains intact despite repeated testing, with support at $599.73. A confirmed break of the trendline and a previous gap would signal a reversal. USO saw a bounce after closing below a pivot low, highlighting the need for continuation moves to confirm trends. Microsoft is nearing a support level at $356.85, with further support at $344.70. Amazon's long level is $226.50, with resistance at $234.40 and a shortable gap at $244.54. Google's key gap is at $3329, and aggressive traders can look for short opportunities around $34,527. Netflix is facing support at $71.60, with further support at $69.10. Palantir's support is at $105.32, and SanDisk is trading near $229.92 with resistance at $2354.39. Micron's aggressive shortable level is around $122,960, with more conservative levels at $124,147. Dell has a shorting level at $43.46. Trip.com's intraday trade is off the table. Hertz is at a strong buying level around $2.73. AMC's entry price is $1.73. Nano Nuclear Energy is testing support near its previous gap. MNT's support is at $133.54.