From Frustration to Follow-Through — Buyers Step In at Key Levels
Early weakness tested discipline again before buyers stepped in and reclaimed structure into the close.
Note:
Appreciate all the positive feedback on these new daily recaps.
I started posting them on X to help traders follow structure in real time, and it’s been great to see so many of you enjoying them here, too.
Keep the comments and suggestions coming — it helps me make each one better.
The Markets
A volatile open tested patience, but the market rewarded discipline.
SPY broke below its 5-day and week-to-date anchored VWAP before reclaiming both late in the day.
QQQ only needed a quick touch of its week-to-date anchored VWAP to find buyers and close strong.
IWM finished constructively, while DIA trailed as BA lost altitude.
Key Names
AAPL flipped yesterday’s setup—sharp selloff from the open, late bounce. A shakeout before another attempt higher?
AMD dipped into the 229s, found support, and continued after-hours—leadership intact.
AMZN sold to the 221 zone (5-day/AVWAP) and ripped back to 227, closing over the 50-day—very constructive.
META showed standout strength—steady climb all session. Now above the 8-day, 100-day, and the 724.74 pivot. Next reference levels: ~746 (21-day) and ~753 (50-day + earnings AVWAP).
TSLA tested the 21-day early, rallied late. Watch for a move over 437–442 (5-day, 8-day, WTD AVWAP, and that 439.74 pivot) for confirmation.
PLTR was messy intraday but held the 5-day on the retest and gave a very solid bounce before it closed mid-range in the 185s. Eyes on 190.
CRVW posted a strong day two above the 138.92 pivot; room toward 148–149.
RKT double-bottomed near 15.72, bounced to WTD AVWAP resistance, and closed on the 100-day. It’s trying to put in a bottom. But watch for confirmation.
Big Picture
Morning weakness was bought where structure mattered.
Indices and key tech reclaimed short-term levels and rallied into the close. Follow-through Friday will tell us if momentum carries or if this was just reflexive digestion.
Know your levels. Let price tell the story.
Coming Up (Friday): University of Michigan sentiment/expectations, multiple Fed speakers, and auctions—near-term catalysts as indices probe higher.
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