We’re expecting a busy week of catalysts for the market with events on the trading calendar, economic calendar, and world wide news. 

Market Events

On March 18th, we have triple quad witching – the expiration of equity options and index options & futures. Pay attention as this could lead to liquidity hunting, pinning at levels, and many options getting destroyed.

S&P Indexes rebalancing also occurs on Friday, which is when big money rebalances their portfolios at the end of the quarter. Be prepared as we could see certain stocks pop and rip hard or unexpectedly drop.

Take a look at the economic calendar on Wednesday for retail sales in the morning and the statement from Federal Reserve Chairman Jerome Powell in the afternoon.

As for the headlines, there are many catalysts from Ukraine and Russia to China that could affect the market.

Here is our focused list:

AAPL — Negative supply chain news over the weekend caused a large drop into Monday. The make-or-break zone is $151.90 to $154.70, with the 200-day simple moving average (SMA) at $153.60. If AAPL drops below this zone, it could hit $147 and lead the technology sector lower.

NVDA — Liquidity is above at the $225 to $230 zone, with point of control (POC) specifically at $226. If NVDA hits $208 to $206, it could dump hard to $200 and $195. If NVDA pops, it could hit multiple key levels above starting with $218.

SHOP — As long as SHOP is below $585 to $574, SHOP appears bearish. The largest level we’re watching is $500. If SHOP fails to break through $529, it will likely breach $500 to $470. If it pops through $529 and holds, it could hit POC at $556.

Stay Focused!