S&P 500 (SPY)
It is likely to be another hectic and volatile week for stocks. The implied volatility levels over the next seven days are around 70.9%, and that means the SPY ETF could rise or fall by approximately 9.8%, placing the ETF in a trading range between $228.55 to $278.30.
The S&P 500 stalled out several times around 2,600 this past week, and I think likely means we are setting up retest the lows this week, and fill the giant gap around 2,230.
S&P 500 Index S&P 500 Index
{{0|AMAZON (AMZN)
Amazon.com (NASDAQ:AMZN) shares may hold steady this week. The stock appears to have formed a symmetrical triangle and be a sign that the stock refills a gap around $2090.
Amazon Inc Chart Amazon Inc Chart
APPLE (AAPL)
Apple (NASDAQ:AAPL) shares failed at resistance around $257 and could be heading lower towards $234.
Apple Inc Chart Apple Inc Chart
{{0|TESLA (TSLA)
Tesla (NASDAQ:TSLA) appears to have formed a bullish flag pattern and may finally be heading up to $600. The company should report its first-quarter delivery numbers by April 3.
Tesla Inc Chart Tesla Inc Chart
NVIDIA (NVDA)
NVIDIA (NASDAQ:NVDA) has failed at $262 on many occasions and is likely to fill a gap at lower prices around $218.
NVIDIA Chart NVIDIA Chart
{{0|MICRON (MU)
Micron (NASDAQ:MU) failed several times around $45.50 and is probably now heading lower again towards $35.50.
Micron Tech Inc Chart Micron Tech Inc Chart