 Hey guys, this is Hydra from Xtrades and in this video we'll go over How the market did last week and what are the next or what are the best? Setups for the upcoming week. So as usual, we'll start off with the indices start up with the SPY and QQQ So SPY did have a down week this week, but As I said last week, it's there's a very high chance that we could just consolidate here for a little bit wait for Price to catch up to the trend line and just consolidate tighten up tighten up and then we can see a big move up or down here so so far that is playing out pretty well and You know overall this week was a pretty good consolidation week We tested that 444 support level, but we did bounce off that pretty well. Let's take a look at the daily chart So on Thursday, we did gap down, but we were able to Close the day strong so that was good action and on Friday. We tried to get a little bounce but We we yeah, it wasn't a very successful bounce. We tried to bounce, but we mostly rejected Yeah, it's pretty much how the week went Monday Tuesday or Monday Tuesday Wednesday was pretty bearish as well But yeah, overall that 444 support level is still holding. So that's a good thing So yeah key support right now is 444 key resistance 453. Those are the key levels that you need to know for SPY Next up we'll take a look at QQQ So QQQ same thing Key level of support is 369 and key resistance is 382 and so far It's just again stuck in that range, right? So just there's a good chance that we're just gonna tighten up tighten up and then potentially make a big break out or Even make a break break down either way. We'll see a big move coming up in the upcoming weeks Well, let's take a look at the weekly chart In the weekly chart QQQ looks really good. It's holding this long-term trend line And it just looks like a consolidation bar here. So overall very good action as long as that 369 level holds I'm gonna continue to be bullish on the market, but yeah I'll be very quick to switch if that 369 level does not hold and yeah If we break that 382 level then I'll be even more bullish But overall very good action on the indices just a consolidation week and yeah, nothing to be worried about Let's take a look at big cap tech stocks first up being Apple Apple had a pretty bearish week Stick with the daily chart They have really bad gap down on Thursday But it did it did for my hammer and they actually close really strong Tried to reclaim the 177 level and tried to get a stronger bounce on On Friday, but unsuccessful. So there is a pretty big gap here now So we'll see if that 181 level can get filled But as long as that 172 level or 177 level holds Apple's still in good shape But yeah, that 172 level is very key if Apple loses that then it could see a really big pullback Overall Apple looks okay As long as the 177 hold level holds it looks okay, but to be bear or bullish on it again It has to reclaim the 181 level ASAP next up AMD So AMD's continuing to form this bull flag here I think we can remove this trend line heard this price level now doesn't really matter But yeah, this is the key thing on AMD It's been forming a really long bull flag here for almost four months five months almost but Yeah, it still looks okay here and For a breakout you want to see that one oh one ten level get taken out It tried to break out this week but rejected But if it can take out the 109 one ten level then there's a chance that and AMD can start making its next let go next up Amazon Amazon's acting really well here just forming a bull flag here and it looks ready to break out any day now You have overall really good action really strong move up this year consolidated broke out Now it's consolidating again for the bull flag, but to potentially getting ready to break out But next the resistance level is 143.5 has the key level for Amazon Next up we'll take a look at Google It's a cool cool same thing really strong move this year Very nice bull flag broke out and then a consolidated between this range for a while broke out and made a bull flag here and then broke out and Yeah, cool has been acting really well here Key resistance level is 136, but it did close it did manage to close above that this week. So Next the next support level is 144 take a look at the daily chart Yeah, 144 is the next level of support I mean next level of resistance. So yeah, Google does have room all the way up there overall Google is acting really really well and Yeah, very bullish on Google next up will take a look at Meadow So Meadow did lose that key long term trend line But if it can reclaim 306 then it would look pretty good You know overall It's acting pretty well this week and basically just closed flat Didn't do too much just chopped around but that 306 is definitely a key resistance level So if it can take that out, then I would be bullish on Meadow until then I would be I wouldn't touch this If anything it looks a little bit bearish looks like a potential bear flag, but Yeah, if that 306 level gets taken out, then I'll be back to bullish on Meadow Next up Microsoft So Microsoft had an incredible run this year then pulled back made our made all-time highs and then pulled back in pretty hard And now it's rebounding pretty well the last three weeks Take a look at the daily chart Yeah, it's just a slow grind up So cannot much to really say for Microsoft Key resistance level is that that 344 level and then key support is that that 324 level Those are the key levels for Microsoft But yeah, that's pretty much it next up Netflix So Netflix is trying to break that 450 level 448 level again Try to break up like close below that so another failed breakout but overall on the daily chart It actually looks really really nice Very nice bull flag forming here And if it can take out the highs on Friday's 446, there's a very good chance that this could break out But Netflix is looking very good And I think there's one play for the big cap tech stocks Netflix would be top choice for me Very nice bull flag forming on the daily chart Next up we'll take a look at Nvidia So the weekly So from the earnings gap up it did hit 502 and then last week Last last week it did almost hit that 500 level and then reject it and then this week it's forming an inside bar so it's actually forming a flag here and Potentially one or two more weeks of consolidation and then it could see a big move Overall and video is the king of the market still and it's acting really really well This week it did pull back really hard, but overall this is still the top stock of the market for now On the daily chart on Thursday got down, but close strong and Friday was a pretty weak day, but Yeah, overall, I think that media just needs a couple more weeks to consolidate because really had such a Really big game this year, right? So It would be healthy for it to consolidate its gains and just let it rest for a little bit But and media is acting fine next up Tesla So Tesla is Has a key resistance level at that 259 level so until it takes that out then Not much to do right? So Tesla is actually forming a bull flag here pretty nice bull flag try to break out on Friday, but rejected and We'll see if it can try to take it out again sometime next week But overall Tesla does look pretty good, but you want to see that 259 level get taken out for More upside potential overall Tesla does look fine But yeah, that's pretty much it for all the big caps now. Let's take a look at how growth stocks are doing Let's take a look at our KK Yeah, very clear resistance at the 44.5 level here stick look at the daily chart Just looked pretty good here though, right? so really strong move on last week on a 29 and then this week was pretty much just consolidating the Entire week, but we can take out that 44.5 level I think there's a very good chance that we could see a bigger rally all the way back up to 51 overall Yeah, KKK does look pretty good here on Thursday took that down But pretty strong close then Friday was just a consolidation day overall looks really good And I'm definitely gonna be bullish on growth stocks if 44.5 level can get taken out Next up we'll take a look at the best-looking stocks for Upcoming week so firm looks really good here had a very Mentioned this last week, but had a very nice gap up on volume Really a big bar here and then a consolidation bar and then it broke out very strong breakout And now it's consolidating here for like the last four days. Yeah four days But it can take out that 22 or 22.6 level. There's a very good chance that the firm can make a move back up higher Let's take a look at the weekly chart So very clear resistance here, right and I broke that Yeah firm has room all the way up to see It's not a clear resistance level for firm. I'll tell you first target would be around that 26 0.75 ish area But overall the firm does look really good on the daily chart It's all getting very nicely here. It looks ready to make another leg up and Yeah, very good action Next up we'll take a look at that That has been trending really really nice all year long. So first step up was here right on earnings From the bull flag and then gap up again and ended up breaking down, but They're covered from the nice flag here broke out and then had another earnings gap up just recently last month and From the flag here broke out from the flag here broke out and now it's forming another flag here And this is potentially another good entry here if it can take out that 42.5 level But yeah app does look really good here Next up though still had a very strong earnings cap up and Ever since then it's just been consolidating very tightly. So this is really really good action It looks ready to take off here forming a very nice flag This is an A plus setup and on the weekly you can see that it's at all time high So no overhead resistance. So overall, this is definitely a top watch very good action Next up elf so elf is Another big winner 2023. This one has been trending nicely all year long very nice action $36 to 140 and right now it's forming a bull flag here. It actually broke out on Thursday and on Friday it formed the consolidation bar But if it can take out one thirty eight point one five, it would be a good setup to go along But yeah, elf does look very very good I'll enqueue. This is one of my favorite stocks. This one's been acting incredibly well all year long So it's also one of the biggest winners 2023 very nice bull flag here set up here broke out very nice bull flag set up here broke out on Monday and Thursday gap down pretty hard, but very nice recovery on Friday and closing at its Hi, so very good action on Friday But yeah, this looks very good very clear resistance at that 20 level So definitely sell some into strength if you still have some but Overall this one's setting up really well, and I want to see some bull flag from here So next couple days if bull flag can form here, that'd be very good action but right now there's no setup on it and Wouldn't be touching it right now But yeah way for a bull flag to form and some consolidation and this would be an A plus setup Next up IOT This one had a very strong earnings reaction This was their earnings day reaction very strong gap up made a new highs here And now it's forming a pretty nice bull flag here This is a definitely a top watch here very strong stock and it's been From $8 to $32 so very big game this year as well. This is definitely a top stock But yeah, very nice volume as well Next up last but not least VRT This one also had a very strong earnings gap up and has been Trending very nicely and actually from the bull flag here broke out on Thursday and on Friday Put it in a consolidation bar. So if you can take out 39.7 This would definitely be a top setup to watch for next week and this one's also at all-time highs, so No overhead resistance though, you know overall very good action But yeah, that's pretty much all I got for you guys for this week. Thank you guys for tuning in