The market spent today testing the resolve of the bulls at the psychological 7000 level. Last night, we observed a volume structure that remained largely unchanged until we broke above the 6966 VAH. However, the selling pressure near the previous close proved too strong. We saw seven distinct attempts to break back over 6966, but each time, sellers “smashed the bid,” resulting in several 10 to 15-handle drops.
While we did see one temporary push over 6970, it quickly fizzled out, and price returned to the 6966 VAH. Interestingly, while the cash session didn’t quite reach our 6932 POC target, the extended hours trading saw a move that came within three handles of it. The main takeaway from today: every single dip was eventually bought, but the ceiling at 6966 remains a major hurdle for the next leg of this rally.
The Post-Mortem
Beyond the index, our watchlist remains the highlight of the portfolio. We are starting to see a bottom form in AAPL, which showed a strong bid into the close and broke above 259—a very constructive sign for the coming week. TSLA also sold down toward the 420 support we identified; I am expecting a sharp rebound here if the broader market holds its ground.
The rest of the “Stocks of 2026” is looking phenomenal. EDU is pushing back toward the 60s, CBLL has broken over 23, and ASX is holding steady in the 17s. These stocks are positioned for significant moves over the next month. To put the performance in perspective: the cumulative gains on our watchlist are currently sitting at 270%. If you are struggling with the 0DTE volatility of the SPY, I highly recommend looking at LEAPs on these trending names. One big winner in this category can easily outperform the market for the entire year.
Volume Profile Notes
The market closed inside the value area, which tells us balance is still the primary theme. We are essentially waiting for a catalyst to decide if we rotate back to the 6854 VAL or launch through the upper high-volume node. Tomorrow’s Unemployment report is that catalyst.
Tomorrow’s Levels
