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11/3/2025, 4:19:33 PM
Economic Summary
- SPY is trading in a short-term consolidation box (roughly 677–686); holding above ~683.5 would be constructive and could put a breakout to ~700 in play this week based on average weekly range.
- QQQ and large-cap tech strength (driven by AI headlines) make QQQ constructive with upside targets near 650–660 if it clears its current box; a break below 624 would invalidate that bullish thesis.
- Ethereum (ETH) technical structure shows it testing resistance; a failure of the near-term breakout region could produce a very fast liquidity drop toward ~2800, otherwise continued consolidation around ~3500 before any major move.
- Meta Platforms (META) is structurally weaker post-run, with the 0.5–0.618 Fibonacci zone near ~634–595 as the key value area; loss of 634 raises odds of deeper retracement into the mid‑500s.
- Individual stocks: AAPL remains in an intact upchannel with short-term flips around 269–270 for weekly momentum, NVDA benefits from AI/data-center headlines and has extensions toward ~325, while UNH is weak post-earnings and needs to hold ~329–336 to form a constructive daily higher low.
Bullish
- SPY has a plausible breakout to ~700 if it holds the 680 box and average weekly range plays out.
- QQQ can extend to the 650–660 area on a breakout from the current box.
- AAPL remains in an upchannel and can trend toward the 320s if momentum resumes.
- NVDA looks constructive with AI tailwinds and extension potential toward ~325.
Bearish
- SPY could lose the 680 support box and gap fill down toward ~670 or lower.
- Meta (META) chart structure is broken with a high probability of deeper retracement to the 633–585 zone.
- Ethereum (ETH) could flash down to ~2800 in a fast liquidity event if key breakout levels fail.
- UNH is showing post-earnings weakness and could retest the 300 traffic zone if 325 breaks.
Bullish tickers
SPYQQQAAPLNVDA
Bearish tickers
SPYMETAETHUNH
SPY
4 price targets
700683.5677.26670
Bullish
Holding above ~683.5 and clearing the 686 area supports a breakout scenario that could reach ~700 this week.
Bearish
If SPY loses the 680 consolidation box and 677 level, a gap-fill toward ~670 (or lower) is likely.
QQQ
3 price targets
650660624
Bullish
A breakout from the current box positions QQQ to extend toward 650–660 on headlines and momentum.
Bearish
A drop below 624 would call the bullish breakout thesis off and increase downside risk.
IWM
3 price targets
252234.02220
Bullish
A breakout above ~252 would likely continue the rally; stabilization in the 220–234 zone is constructive.
Bearish
Failure to stabilize could lead to deeper weakness; a breakdown under key consolidation would be bearish.
ETH
3 price targets
280035004100
Bullish
If ETH holds breakout support and avoids a liquidity event, consolidation near ~3500 can set up a longer-term breakout toward ~4100+.
Bearish
If the current breakout level fails, a rapid liquidity-driven drop to ~2800 is possible.
AAPL
3 price targets
320269.16260.1
Bullish
Chart remains in a bullish channel; reclaiming ~269–270 for the week would flip momentum and support a move toward the 320s.
Bearish
Misses in China or a breakdown below session gaps and the 20/50 SMAs could push Apple lower toward ~260.
META
3 price targets
633.94595585
Bullish
If sentiment/story shifts and key levels hold, Meta can resume trending higher, but momentum must first stabilize above the break levels.
Bearish
Structure is broken with strong odds of retracement into the 633–595 golden pocket and potentially the mid‑500s if that fails.
NVDA
3 price targets
325227212
Bullish
AI/newsflow has re-energized NVDA; maintaining support near ~205–212 and strength into earnings supports extension toward ~325.
Bearish
A failure to hold breakout support near ~205–212 would temper the bullish extension thesis into earnings.
TSLA
3 price targets
520370488
Bullish
Holding above the ~450 breakout area supports an extension into the 520s (near-term upside target).
Bearish
A breakdown would target the uptrend retest area near ~370.
UNH
4 price targets
420336327300
Bullish
If UNH holds ~329 and can form a higher daily low, a move back toward the 420–430 area (200-day simple target) is possible.
Bearish
Post-earnings weakness and loss of near-term levels could drive a retest of the ~300 traffic/volume zone.
NEBIUS
5 price targets
125117102165135
Bullish
Closing and holding above ~125–125+ would likely push NEBIUS quickly toward ~130 and potentially higher to ~165.
Bearish
Failure below ~117 risks a drop toward ~102 and loss of the 20-day, undermining the short-term thesis.
BMR
4 price targets
42.653735.8234
Bullish
If BMR holds the near-term support zone (~42.65 down to ~34 fair-value band), it can base and resume trend later.
Bearish
Current support levels are marginal; breaking below the first support could send BMR toward the mid‑30s.
People mentioned
EvanPaper