SPY Support: $748 Resistance: $756 Current: $756.18 News: Closed at fresh ATH Thursday despite hot PCE (+3.8% YoY, highest since 2023). Light Friday data slate. Iran missiles fired Thursday night. Oil -2% to $86.89. Goldman raised year-end PT to 8,000. Assessment: $748 is the 4H breakout base. $756 is the resistance at all-time highs -- testing it right now. Pre-weekend tape, light volume expected. Hold $748 = clean month-end close. ORB long above $756 targets $760. Don't size into Friday close.
KSS Support: $13.50 Resistance: $16.00 Current: $15.50 (+20.57% premarket) News: Q1 2027 earnings beat -- the post-earnings squeeze. Volume 4.13x average, $262M dollar volume. Options chain thin: $16C OI only 89. Assessment: $13.50 is the 4H base from this week's consolidation. $16.00 is the resistance from yesterday's premarket high. Massive earnings-driven gap up. Use SHARES not calls -- thin OI makes options expensive and illiquid. ORB long above $16 targets $16.50. Pullback to $14.50 area is the share-buy. Don't chase the open after +20%.
BBY Support: $66 Resistance: $76 Current: $74.18 (+15.80% premarket) News: Earnings-driven breakout. Volume 4.01x average, $1.07B dollar volume -- huge participation. Options chain very thin: $75C OI only 4. Use shares. Assessment: $66 is the 4H base from earlier this week. $76 is yesterday's gap-and-fade high. Strong earnings setup with broken options chain. Use SHARES only. ORB long above $76 targets $78. Pullback to $70 area is the share-buy. Don't chase the +16% open.
F Support: $16.05 Resistance: $17.00 Current: $16.80 (+4.85% premarket) News: Up 4.85% on 2.48x volume, $1.64B dollar volume. Ford Energy data center battery story continuing. Options very liquid: $17C OI 2,897. Best options chain of the scanner group. Assessment: $16.05 is the 4H breakout level now flipped to support. $17.00 is the round-number resistance. Clean continuation from Wednesday's setup with even stronger volume. ORB long above $17 targets $17.50. Pullback to $16.05 is the call-buy. Tradeable options make this the best risk/reward of the scanner group.
Matthew Manuel
Here is the link today's livestream, we will be live a market open today at 8:30 am central time
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Matthew Manuel
SPY
Support: $748
Resistance: $756
Current: $756.18
News: Closed at fresh ATH Thursday despite hot PCE (+3.8% YoY, highest since 2023). Light Friday data slate. Iran missiles fired Thursday night. Oil -2% to $86.89. Goldman raised year-end PT to 8,000.
Assessment: $748 is the 4H breakout base. $756 is the resistance at all-time highs -- testing it right now. Pre-weekend tape, light volume expected. Hold $748 = clean month-end close. ORB long above $756 targets $760. Don't size into Friday close.
KSS
Support: $13.50
Resistance: $16.00
Current: $15.50 (+20.57% premarket)
News: Q1 2027 earnings beat -- the post-earnings squeeze. Volume 4.13x average, $262M dollar volume. Options chain thin: $16C OI only 89.
Assessment: $13.50 is the 4H base from this week's consolidation. $16.00 is the resistance from yesterday's premarket high. Massive earnings-driven gap up. Use SHARES not calls -- thin OI makes options expensive and illiquid. ORB long above $16 targets $16.50. Pullback to $14.50 area is the share-buy. Don't chase the open after +20%.
BBY
Support: $66
Resistance: $76
Current: $74.18 (+15.80% premarket)
News: Earnings-driven breakout. Volume 4.01x average, $1.07B dollar volume -- huge participation. Options chain very thin: $75C OI only 4. Use shares.
Assessment: $66 is the 4H base from earlier this week. $76 is yesterday's gap-and-fade high. Strong earnings setup with broken options chain. Use SHARES only. ORB long above $76 targets $78. Pullback to $70 area is the share-buy. Don't chase the +16% open.
F
Support: $16.05
Resistance: $17.00
Current: $16.80 (+4.85% premarket)
News: Up 4.85% on 2.48x volume, $1.64B dollar volume. Ford Energy data center battery story continuing. Options very liquid: $17C OI 2,897. Best options chain of the scanner group.
Assessment: $16.05 is the 4H breakout level now flipped to support. $17.00 is the round-number resistance. Clean continuation from Wednesday's setup with even stronger volume. ORB long above $17 targets $17.50. Pullback to $16.05 is the call-buy. Tradeable options make this the best risk/reward of the scanner group.
How to Trade a Sweep👉 https://youtu.be/jPXhnuWbjw0
How to Trade Support & Resistance 👉 https://youtu.be/YcJ6oOKm4TY
How to Pick an Options Contract 👉 https://www.youtube.com/watch?v=uSAZy...
How to Set a Stop Loss 👉 https://www.youtube.com/watch?v=UoIvW...
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