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Technical Trading Levels for SPY and Major Tech Stocks This Week

MarketDash Editorial Team
21 days ago
With a light economic calendar to start the week, traders are focusing on key technical levels for SPY, QQQ, and major tech names including Apple, Microsoft, NVIDIA, Alphabet, Meta, and Tesla as markets navigate choppy conditions.

Welcome to the week, traders. We're kicking things off with a pretty sparse economic calendar, which means the market might get a bit jumpy on whatever headlines happen to cross the tape.

Here's what's actually scheduled: At 8:30 AM ET, we'll get the November Empire Manufacturing reading. Then at 10:00 AM ET, look for the delayed August Construction Spending numbers along with the fourth quarter Philly Fed Survey of Professional Forecasters. Later, at 11:30 AM ET, the Treasury will conduct its routine 3 and 6 Month Bill Auctions.

On the Fed speaker front, New York Fed President John Williams will deliver welcome remarks at the Governance and Culture Reform Conference at 9:00 AM ET. The more interesting commentary might come later in the afternoon when Federal Reserve Governor Christopher Waller speaks on the economic outlook at 3:35 PM ET during the Society of Professional Economists Annual Dinner in London.

With such limited scheduled data and Fed commentary, don't be surprised if markets experience sharp reactions to random headlines and positioning flows. In other words, it could be one of those days where price action matters more than fundamentals.

Now let's dig into the technical levels for SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and the major tech stocks everyone's watching.

SPDR S&P 500 ETF Trust (SPY)

SPY opens at 672.25, and this is where buyers need to create some early stability after last week's choppy trade. If they can firm up this zone, a move into 673.40 may develop, giving bulls a chance to show they're actually in control. Continued strength could guide price toward 674.55, and if momentum really expands, SPY may press into 675.70. A more extended push could bring 676.85 into play as buyers attempt to build a higher intraday structure.

On the flip side, if SPY loses 672.25, sellers may lean into that weakness and push price toward 671.10. A breakdown there opens the door toward 669.90, where buyers will need to step in to prevent further deterioration. If they don't show up, pressure could slide price into 668.75. Heavier downside follow-through may reach toward 667.60, signaling the market is still struggling to find confidence.

Invesco QQQ Trust (QQQ)

QQQ starts the morning at 609.75, and bulls will look to hold this area as a launch point. A firm bid could lift the index into 610.85, where traders will watch to see if buyers can maintain traction. Continued upside could carry into 612.00, with momentum possibly stretching toward 613.15. If risk appetite improves throughout the session, QQQ may reach into 614.30.

If 609.75 gives out, sellers may pressure QQQ into 608.65. Sustained weakness there can lead to movement into 607.50. If demand remains hesitant, a slide toward 606.30 may unfold. A deeper fade could touch 605.20 as sellers attempt to regain short term dominance.

Apple Inc. (AAPL)

Apple Inc. (AAPL) begins the session at 269.75, where bulls will aim to steady price after recent swings. If support holds, price could drift into 270.65. Sustained strength may carry price into 271.55, and if momentum builds, Apple could reach toward 272.45. A stronger tape may allow buyers to press toward 273.35.

If Apple slips below 269.75, sellers may guide price toward 268.90. A deeper breakdown opens the path into 268.05, where buyers need to respond. If they don't, price may slide into 267.15. Continued pressure could push Apple toward 266.25, reflecting fading short term confidence.

Microsoft Corp. (MSFT)

Microsoft Corp. (MSFT) opens at 509.25, where buyers will try to establish a base. If they can hold this zone, price may lift into 510.40, giving bulls room to test momentum. Continued progress could bring MSFT into 511.55, with a stronger move leading toward 512.75. If buyers stay committed, price may extend toward 513.95.

If MSFT breaks below 509.25, sellers may step in quickly and push price into 508.00. A breakdown there can bring movement into 506.80. If weakness persists, price may drift into 505.55. Heavier selling could drive MSFT toward 504.30 before buyers attempt to stabilize.

NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) starts the day at 188.00, and bulls will look to protect this area as a pivot. If they succeed, a move into 188.85 may follow. Continued strength could allow price to work toward 189.75, with further upside opening the door toward 190.65. A stronger push could lift NVIDIA into 191.60.

If NVIDIA falls under 188.00, sellers may pressure it toward 187.05. A deeper drop may reach into 186.15. If buyers stay absent, price could slide into 185.20. Additional weakness may extend into 184.25, showing fading interest across semiconductors.

Alphabet Inc. (GOOGL)

Alphabet Inc. (GOOGL) opens at 288.25, where bulls will try to keep the tape supported. If they can steady the level, a move into 289.10 may develop. Sustained buying could carry price toward 290.00, with additional strength lifting it toward 290.90. A broader push may extend into 291.80 as bulls look to defend recent gains.

If GOOGL breaks below 288.25, sellers may drive price into 287.20. Failure to stabilize there could bring movement into 286.15. If pressure stays heavy, price may drift into 285.10. Further downside could reach toward 284.05.

Meta Platforms Inc. (META)

Meta Platforms Inc. (META) begins at 607.75, where bulls will try to build early footing. If they hold firm, a move into 609.40 may unfold. Continued momentum can send price toward 611.05, and if enthusiasm increases, Meta may stretch into 612.65. Stronger buying might even carry the tape toward 614.25.

If Meta loses 607.75, sellers may push price toward 606.10. A breakdown there could pull Meta into 604.45. If demand remains weak, price may slide toward 602.80. Heavier pressure could expose 601.15 as sellers attempt to regain control.

Tesla Inc. (TSLA)

Tesla Inc. (TSLA) opens at 400.75, and buyers will attempt to develop structure above this level. If they succeed, a lift into 402.25 may emerge. Continued strength may allow price to work toward 403.70, with a stronger session bringing TSLA into 405.20. If the broader tape firms up, Tesla may extend into 406.60.

If TSLA breaks below 400.75, sellers may drag price into 399.25. Further weakness may drive movement toward 397.80. If buyers don't step in, price could slide into 396.30. Additional selling may open the door to 394.85.

Good luck out there and trade safely.

Back to News

Technical Trading Levels for SPY and Major Tech Stocks This Week

MarketDash Editorial Team
21 days ago
With a light economic calendar to start the week, traders are focusing on key technical levels for SPY, QQQ, and major tech names including Apple, Microsoft, NVIDIA, Alphabet, Meta, and Tesla as markets navigate choppy conditions.

Welcome to the week, traders. We're kicking things off with a pretty sparse economic calendar, which means the market might get a bit jumpy on whatever headlines happen to cross the tape.

Here's what's actually scheduled: At 8:30 AM ET, we'll get the November Empire Manufacturing reading. Then at 10:00 AM ET, look for the delayed August Construction Spending numbers along with the fourth quarter Philly Fed Survey of Professional Forecasters. Later, at 11:30 AM ET, the Treasury will conduct its routine 3 and 6 Month Bill Auctions.

On the Fed speaker front, New York Fed President John Williams will deliver welcome remarks at the Governance and Culture Reform Conference at 9:00 AM ET. The more interesting commentary might come later in the afternoon when Federal Reserve Governor Christopher Waller speaks on the economic outlook at 3:35 PM ET during the Society of Professional Economists Annual Dinner in London.

With such limited scheduled data and Fed commentary, don't be surprised if markets experience sharp reactions to random headlines and positioning flows. In other words, it could be one of those days where price action matters more than fundamentals.

Now let's dig into the technical levels for SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and the major tech stocks everyone's watching.

SPDR S&P 500 ETF Trust (SPY)

SPY opens at 672.25, and this is where buyers need to create some early stability after last week's choppy trade. If they can firm up this zone, a move into 673.40 may develop, giving bulls a chance to show they're actually in control. Continued strength could guide price toward 674.55, and if momentum really expands, SPY may press into 675.70. A more extended push could bring 676.85 into play as buyers attempt to build a higher intraday structure.

On the flip side, if SPY loses 672.25, sellers may lean into that weakness and push price toward 671.10. A breakdown there opens the door toward 669.90, where buyers will need to step in to prevent further deterioration. If they don't show up, pressure could slide price into 668.75. Heavier downside follow-through may reach toward 667.60, signaling the market is still struggling to find confidence.

Invesco QQQ Trust (QQQ)

QQQ starts the morning at 609.75, and bulls will look to hold this area as a launch point. A firm bid could lift the index into 610.85, where traders will watch to see if buyers can maintain traction. Continued upside could carry into 612.00, with momentum possibly stretching toward 613.15. If risk appetite improves throughout the session, QQQ may reach into 614.30.

If 609.75 gives out, sellers may pressure QQQ into 608.65. Sustained weakness there can lead to movement into 607.50. If demand remains hesitant, a slide toward 606.30 may unfold. A deeper fade could touch 605.20 as sellers attempt to regain short term dominance.

Apple Inc. (AAPL)

Apple Inc. (AAPL) begins the session at 269.75, where bulls will aim to steady price after recent swings. If support holds, price could drift into 270.65. Sustained strength may carry price into 271.55, and if momentum builds, Apple could reach toward 272.45. A stronger tape may allow buyers to press toward 273.35.

If Apple slips below 269.75, sellers may guide price toward 268.90. A deeper breakdown opens the path into 268.05, where buyers need to respond. If they don't, price may slide into 267.15. Continued pressure could push Apple toward 266.25, reflecting fading short term confidence.

Microsoft Corp. (MSFT)

Microsoft Corp. (MSFT) opens at 509.25, where buyers will try to establish a base. If they can hold this zone, price may lift into 510.40, giving bulls room to test momentum. Continued progress could bring MSFT into 511.55, with a stronger move leading toward 512.75. If buyers stay committed, price may extend toward 513.95.

If MSFT breaks below 509.25, sellers may step in quickly and push price into 508.00. A breakdown there can bring movement into 506.80. If weakness persists, price may drift into 505.55. Heavier selling could drive MSFT toward 504.30 before buyers attempt to stabilize.

NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) starts the day at 188.00, and bulls will look to protect this area as a pivot. If they succeed, a move into 188.85 may follow. Continued strength could allow price to work toward 189.75, with further upside opening the door toward 190.65. A stronger push could lift NVIDIA into 191.60.

If NVIDIA falls under 188.00, sellers may pressure it toward 187.05. A deeper drop may reach into 186.15. If buyers stay absent, price could slide into 185.20. Additional weakness may extend into 184.25, showing fading interest across semiconductors.

Alphabet Inc. (GOOGL)

Alphabet Inc. (GOOGL) opens at 288.25, where bulls will try to keep the tape supported. If they can steady the level, a move into 289.10 may develop. Sustained buying could carry price toward 290.00, with additional strength lifting it toward 290.90. A broader push may extend into 291.80 as bulls look to defend recent gains.

If GOOGL breaks below 288.25, sellers may drive price into 287.20. Failure to stabilize there could bring movement into 286.15. If pressure stays heavy, price may drift into 285.10. Further downside could reach toward 284.05.

Meta Platforms Inc. (META)

Meta Platforms Inc. (META) begins at 607.75, where bulls will try to build early footing. If they hold firm, a move into 609.40 may unfold. Continued momentum can send price toward 611.05, and if enthusiasm increases, Meta may stretch into 612.65. Stronger buying might even carry the tape toward 614.25.

If Meta loses 607.75, sellers may push price toward 606.10. A breakdown there could pull Meta into 604.45. If demand remains weak, price may slide toward 602.80. Heavier pressure could expose 601.15 as sellers attempt to regain control.

Tesla Inc. (TSLA)

Tesla Inc. (TSLA) opens at 400.75, and buyers will attempt to develop structure above this level. If they succeed, a lift into 402.25 may emerge. Continued strength may allow price to work toward 403.70, with a stronger session bringing TSLA into 405.20. If the broader tape firms up, Tesla may extend into 406.60.

If TSLA breaks below 400.75, sellers may drag price into 399.25. Further weakness may drive movement toward 397.80. If buyers don't step in, price could slide into 396.30. Additional selling may open the door to 394.85.

Good luck out there and trade safely.