Scale into the Roundhill Magnificent Seven ETF (MAGS / MAGX) on a daily close above $71 to capture a projected rally toward the $80 to $85 target range. Accumulate shares of Amazon (AMZN) near the $234 support level for a long-term target of $320, cutting losses if the price closes below $234. Enter long positions on Meta Platforms (META) while it holds above its 200-day moving average, targeting an initial move back to $692. For digital assets, place limit buy orders on Ethereum (ETH) between $2,000 and $2,200 on pullbacks, or wait for Bitcoin (BTC) to confirm bullish strength with a breakout above $79,600. Maintain broad tech exposure by accumulating the Invesco QQQ Trust (QQQ) at key support, but avoid individual long positions in Tesla (TSLA) due to downside risk toward $260.

S&P 500 (SPX)

• The index held up well post-FOMC, pulling back into the key 50% Fibonacci retracement level and bouncing.
• A closing daily candle above the downward trendline at 7,716 – 7,720 would serve as confirmation that a local higher low has formed.
• The broader high-timeframe trend remains upward despite short-term pullbacks.

Takeaways

• Treat dips into support as buying opportunities, with a confirmed breakout above 7,720 signaling a potential run toward new all-time highs.

Invesco QQQ Trust / Nasdaq 100 (QQQ)

• Price tested major support between the 0.382 and 0.50 Fibonacci levels (with extreme support at the golden pocket) and bounced in overnight trading from 704 to 710.
• The market is compressing into a triangle pattern, signaling an impending breakout.
• Leveraged exposure is being managed via QQQ3.

Takeaways

• Accumulate positions within the current support zone and hold for a breakout, watching for consecutive green daily closes to confirm the bottom.

Roundhill Magnificent Seven ETF (MAGS / MAGX)

• Showing strong absorption and resilience following hawkish central bank commentary, trading near $70.
• Daily candle closes above $71 are expected to trigger an upside move.
• The upside price targets based on Fibonacci extensions are $80 to $85.

Takeaways

• Maintain or scale into leveraged positions (MAGX), looking for a daily close above $71 to trigger a rally toward the $80 – $85 target range.

Amazon (AMZN)

• Pulling back into a major support zone confluent with the daily 200 EMA and a previous horizontal breakout level.
• Setting up a grid bot trade strategy across key levels:
  • Lower grid boundary: $234 (acts as the trade invalidation level).
  • Upper grid boundary: $320 (aligned with the 1.618 Fibonacci extension).
  • Parameters: 150 grids using 5x leverage.

Takeaways

• Scale into a position down to $234; cut the trade if daily candles gain acceptance below $234, targeting a long-term move up to $320.

Meta Platforms (META)

• Breaking out of a long-term downsloping trendline after extensive price compression below resistance at $692.
• Retesting and holding the 200 EMA as support.
• Initial profit target (TP1) sits at the previous highs around $692, with secondary targets (TP2) at higher Fibonacci extension levels.

Takeaways

• Look for long entries as long as the price consolidates above the 200 EMA, targeting $692 and higher.

Tesla (TSLA)

• The stock is displaying relative weakness among mega-cap tech, putting in lower highs and lower lows.
• It has broken below its key upward-sloping trendline.
• Downside risk targets sit at $260 and potentially $213 if selling continues.

Takeaways

• Avoid individual long positions on TSLA until market structure improves; broad index longs provide better risk-adjusted exposure.

Bitcoin (BTC)

• Demonstrating relative strength by holding up better than traditional equities during market volatility.
• Key danger level to protect is $70,000; grinding below this level would signal further downside risk.
• A breakout and daily close above the recent high at $79,600 is required to trigger a major bullish continuation.
• Short-term moving averages (9 and 18 EMAs) are crossing, making the asset currently range-bound.

Takeaways

• Treat the current range as a wait-and-see zone. Watch for a breakout above $79,600 for strong bullish confirmation, while keeping an eye on $70,000 as the critical line in the sand.

Ethereum (ETH)

• The ETH/BTC pair is showing signs of strength by holding an ascending trendline and attempting to reclaim a major support/resistance flip zone.
• If Bitcoin experiences a deeper correction toward the low $70,000s, Ethereum could provide an optimal entry in the $2,000 – $2,200 range.

Takeaways

• Prepare limit bids in the $2,000 – $2,200 region to catch a high risk-to-reward long position if broader crypto markets take a final dip.

Solana (SOL)

• Retested key support at the 0.382 Fibonacci level, confluent with the psychological $100 mark.
• Daily candle closes above $105 will confirm the low is in and that the upward move is resuming.

Takeaways

• Monitor for a daily close above $105 to confirm momentum before adding to long positions.

Ripple (XRP)

• Holding a mid-range support level after a significant prior move.
• Needs a daily close above $1.45 to confirm the corrective low has concluded.

Takeaways

• Wait for a confirmed close above $1.45 before entering new breakout positions.

Fartcoin (FARTCOIN)

• High-risk, speculative meme coin showing potential bottoming price action on the daily chart with rising volume.
• Trade execution: Manual long position using 5x isolated leverage ($5,000 allocation).
• Risk is defined at the recent swing lows (approximately a 10% stop loss/invalidation).

Takeaways

• Highly speculative bottom-fishing trade; keep position sizes small and strictly cut the trade if the recent candle lows are lost.

Pump (PUMP)

• Showing early signs of bottoming in an Elliott Wave corrective structure (completing Wave 2).
• Setting up for a potential Wave 3 impulse expansion toward the upside.

Takeaways

• Add to watchlists for potential long setups as reversal signals confirm the start of a Wave 3 rally.