Fib levels here
Price action supports a move to 340 also. The thing is, you see the white channel? It's a tight range which means it's crappy for weekly contract swings. Why is it crappy? Because let's say you buy calls tomorrow and it closes at the top of Resistance of that white channel and you don't cover, chances are it opens red the next day for a higher low.
XLK (Tech ,sector) which msft and aapl leads h is also on support showing it has room for another push higher.
Stop loss , below 330
Note
Spy 1hour chart .. Pennant inside of a BEARISH ASCENDING WEDGEHere on the 15min you can see why spy is bumping its head here on this smaller support now resistance (Blue line).
Still a chance we could break over this blue line today
Qqq already closed its gap at 374.80 and 375 will be Extremely TOUGH to get back over ... i don't like anymore tech calls unless we break back over 376.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.