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Trading SPY, Top Tech Stocks Using Technical Analysis
Benzingaยท2025-09-15 13:29

Economic Overview - The economic calendar for September 15, 2025, is light, with the Empire Manufacturing data released at 8:30 AM ET, typically having a modest impact on the market [1] - The Treasury's 3-Month and 6-Month Bill Auction at 11:30 AM ET may cause minor yield adjustments but is not expected to have a major influence [1] Market Volatility - The week is anticipated to be volatile due to the FOMC rate decision, contract roll week, and triple witching on Friday, which could lead to significant market swings [2] - Traders are expected to position themselves for these events, potentially resulting in sharp market movements driven by anticipation or breaking news [2] SPDR S&P 500 ETF Trust (SPY) - SPY is currently at 658.00, a strong support level, with a target to rise to 658.50, a resistance level that has shown resilience [3] - If SPY surpasses 658.50, it may reach 659.29, with a top target of 660.99 [3] - If selling pressure emerges, bears could challenge 657.44, with further declines potentially reaching 654.41 and 652.86 [4] Invesco QQQ Trust Series 1 (QQQ) - QQQ is positioned at 587.00, a critical pivot point, with bulls targeting 587.50 as a firm intraday support [5] - If the upward trend continues, the next resistance level is 588.91, with a potential rise to 590.29 and a top target of 591.59 [5] - Should 587.00 falter, bears may target 586.15, with further declines possible down to 581.86 [6] Apple Inc. (AAPL) - AAPL is at 236.00, a resilient support level, with bulls aiming for 236.50 as the next resistance [7] - If momentum builds, AAPL could reach 237.13, with a top target of 238.76 [7] - If 236.00 weakens, bears may target 235.72, with further declines potentially reaching 231.36 [8] Microsoft Corp. (MSFT) - MSFT is grounded at 505.00, a notable support level, with bulls looking to advance to 505.50 [9] - If it climbs above 505.50, the stock could reach 506.57, with a daily peak target of 508.01 [9] - Should 505.00 slip, bears might test 504.10, with further pressure potentially dropping it to 498.89 [10] NVIDIA Corporation (NVDA) - NVDA is situated at 175.00, a key level attracting trader interest, with bulls targeting 175.50 [11] - If the upward trend strengthens, NVDA could rise to 176.13, with a highest mark of 177.91 [11] - If 175.00 cannot hold, bears may aim for 174.92, with further declines potentially reaching 170.49 [12] Alphabet Inc Class A (GOOGL) - GOOGL is fixed at 243.00, a support level with historical significance, with bulls planning to rise to 243.50 [13] - If it breaks through, the next target is 244.29, with strong buying potentially stretching to 245.42 [13] - If 243.00 softens, bears may hit 242.39, with further declines potentially reaching 239.55 [13] Meta Platforms Inc (META) - META is braced at 757.00, a solid base, with bulls targeting 757.59 as the next resistance [14] - If it holds, the next aim is 758.13, with robust buying potentially lingering near 759.59 [14] - If 757.00 wavers, bears might test 753.59, with further declines potentially reaching 749.13 [14] Tesla Inc. (TSLA) - TSLA is set at 426.00, a significant level for bullish moves, with bulls eager to push toward 426.50 [15] - If it breaks through 426.50, buyers might nudge it to 427.29, with a top target of 427.15 [15] - If 426.00 weakens, bears could test 424.44, with further declines potentially reaching 418.86 [16]