S&P 500 and Stocks: Key Levels for Trading Today

Summary

This digest analyzes key trading levels for the S&P 500 and several individual stocks. For the S&P 500 (SPY), support is seen at $731.58, with rejection levels at $740.99 for aggressive traders and $744.39 for more conservative ones, with further resistance at $748.17. The SOXX, a semiconductor index, shows a strong uptrend line, with a potential long entry at $590.88 if it breaks below this trend, and a shortable level at $619.94. The USO is trading below key support at $108.10, with the next support level identified at $105.33. Microsoft shows a negative RSI trend, with support levels at $366.82 and $362.17, and a potential break to $344.70. Amazon is trending upwards, with a rejection level at $246.3 and consolidation around $246.03. Google is attempting to regain support at $341.68 after a downtrend, with a rejection level at $357.95. Netflix has negative RSI divergence, with support near $71.80, and a dollar-cost averaging level at $69.1. Palantir is looking for a long play at $110.48, with further support at $97.72 if the $110 level breaks. SanDisk has negative divergence, with a long level at $188.15, and ultra-conservative traders might wait for $183.1. NBIS has a long level at $246.86, with further support at $232.36 and $222.7. Micron is weak, with a long level at $981.41 and a rejection at $1,100, ahead of earnings. AFRM shows signs of weakness with negative RSI divergence, with potential downside targets at $78.85, $77.98, and $76.40. GLW also shows negative RSI divergence, with a potential short entry on retracement to $217.77.