$META has broken decisively above the major $683–$692 resistance zone and is testing the $750 area.
The former resistance zone at $683–$692 should now act as support.
$META is facing strong resistance around $684 - $692 and has been rejected from this zone again.
Bullish: A 4-hour close above $692 could trigger a breakout toward new highs.
Bearish: Continued rejection could pull META toward $650- $655. Below that, the open gap around $625 -$639 becomes the main downside target.
$SPY has rallied into the major $774–$775 resistance zone.
Bullish: A 4-hour close above $775 could open a move toward ATH
Bearish: Rejection from this zone could pull SPY toward $769–$770, followed by $766–$767. Stronger support sits around $759–$760.
Momentum favors buyers!
$BE was rejected again from the $284–$289 resistance zone and closed at $265.63.
Bullish: Holding above $250 - $257 support could lead to another attempt at $280, followed by $284 - $289.
Bearish: A break below $250 could trigger a deeper pullback, with major support around $200.
Buyers must reclaim $280 before momentum strengthens.
$SMH bounced strongly from the $540 - $543 support zone and is now approaching resistance around $575 - $580.
Bullish: A clean break and hold above $580 could open the door to new highs.
Bearish: Another rejection could send SMH toward the $553–$557 gap, followed by major support near $540 - $543.
Bulls appear to have short-term momentum, but they are not fully in control yet.
$META is facing strong resistance around $684 - $692 and has been rejected from this zone again.
Bullish: A 4-hour close above $692 could trigger a breakout toward new highs.
Bearish: Continued rejection could pull META toward $650- $655. Below that, the open gap around $625 -$639 becomes the main downside target.
$SPY continues to form lower highs and lower lows, keeping the short-term structure bearish.
Bearish: A break below $759 could push SPY toward $750, followed by $745 - $746.
Bullish: Bulls need to reclaim $765 first. A move above $774 would weaken the bearish structure.
Until then, every bounce remains suspect. $SPY $QQQ
$QCOM rallied into the major $188 - $196 resistance zone and is now showing rejection.
Bearish: A break below $182–$183 could push the price toward $176, followed by $168 - $170. Major demand sits around $143–$146.
Bullish: Bulls need to hold and reclaim $196
For now, the rejection favors further downside unless $196 is reclaimed.