The S&P 500 (/ES) finally broke down the major zones we have been covering, causing the 4-hour squeeze to fire down.
After a break last week, the market is starting to look vulnerable again. If the ES stays under the $4,260 to $4,212 range, we can see a continued flush this week toward $4,100.
Our main focus will be on capitalizing on the indexes and setups on SHOP and NVDA.
Here is our focused list:
SHOP — If SHOP stays below $585 to $574, it has a chance to see $530 and then $500.
NVDA — $208 to $206 is going to be a major level that can cause a nice bounce, or we can see a break down toward $195.
Stay Focused!