$SPY chart pre-market
With Asian markets down 3%, Europe set to open lower and US futures down in overnight trading on Sunday, see if the overall market can hold on to the impressive gains from last week. Pivot support is 436.79 with pivot resistance 437.92. The 8EMA is all the way down at 434.50. The main earnings report tonight is $TSLA
$QQQ pre-market chart
The tech sector had an impressive run last week as it post a new all time high on Friday. With futures down this morning, see how much of Friday’s candle it will give up. Pivot support 363.92 with pivot resistance at 368.49. Holding above 365 would be constructive. The busiest earnings season for tech starts today, see how the market treats the FAANG type names.
$AAPL pre-market chart
Nice continuation from the wedge pattern it cleared on Thursday. For today with futures down so far, it needs to hold above 145-146. It has some room to its all time high at 150 if the market conditions improve. Earnings are tomorrow after the market closes, see if it gets one last rally before them. See if it shows early strength in the pre-market for a day trade opportunity once the market opens. Pivot support 146.92, pivot resistance 148.72
$TSLA chart pre-market
Tesla is the first giant to report earnings tonight. We already know the deliveries were in line with expectations, but does Musk have an ace down its sleeve? With $BTC acting much better above 38K see if it gets a bid throughout the day. We are still long a call spread for the earnings. Pivot support 637, with pivot resistance 648.8. It needs to clear 652-653 for better action.