Market Crash Alert: Key Support Levels Revealed

Summary

Today's market presents a significant downturn with many stocks hitting key support levels. For instance, SMCI is down 18.23%, and several other major stocks like AMD, Bloom Energy, and Solar Edge are also experiencing substantial losses. The US 10-year Treasury is nearing support at 4.579%, with an upside target of 4.688%. The S&P 500 is showing weakness, with a long level at 725921 and for the SPY ETF, it's $723.77, suggesting potential buying opportunities if buyers step in. The SOXX ETF has support at $53,721 and a secondary level at $524.71. ARM has a long level at $298.38. SanDisk, despite an uptrend, needs to hold support around $153.51. Nvidia has strong support around $199.97, with further support at $196.50. SMCI sees potential downside to $30.56 and $29.50. Meta's long level is $575, with more conservative traders watching $564.76. AVGO's selling pressure continues, with support at $370.33 and a major gap at $354.91. Tesla is facing headwinds, with potential trading levels at $37,968 and $367.33. Micron is also selling off, with aggressive entry at $854.35 and conservative at $820.