Market Outlook: $SPX Extends Rally, $AMD Targets Higher, $IWM Flashes Caution
Markets remain firmly in risk-on mode as bullish momentum continues to build.
Here are the key levels and setups to watch for $SPX, $AMD, and $IWM today.
1. $S&P 500(.SPX)$
Geopolitical headlines fueled the rally, no need to fight the trend. We're in bullish mode since Thursday, staying cautious. Price is far from overbought, so continuation is likely.
➡️Watch the 7,456 gap; it will likely fill as we've seen gaps fill at this stage of the run.
2. $Advanced Micro Devices(AMD)$
Bullish Stochastic crossover. The price could move between $524.2 and $536.8 today.
If the upper level is breached, $543.1 is the next target.
The gap at $490.4 that opened on Friday is likely to be filled in the coming days.
3. $iShares Russell 2000 ETF(IWM)$
Small caps printed a shooting star, usually a top signal ⚠️.
$IWM is permanently analyzed 3X per week including weekly setup and S/R levels. The Weekly Compass is out with the complete analysis. Link in bio.
100 likes and 30 reposts for daily levels this week for this one.
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