📺 Watch the full video here:
The September jobs data finally came out — delayed because of the government shutdown — and Nvidia reported an amazing quarter. But even with great numbers, we’re still seeing plenty of volatility in the share price. So today I’m looking at the top tech components of the S&P 500, starting with Nvidia, and then walking through what I call the most critical support and resistance levels as these stocks correct lower.
Because when price feels choppy or confusing, your ability to map the right levels — not every level — is what gives you the clearest read on where the next move may come from.
Let’s take a look under the hood!
🔍 Highlights
1️⃣ Nvidia (NVDA):
My forecast to trade up to the 220 area by November 19 did not come to pass. But the key is what formed instead: a tradable low one day prior. This happens with forecasting sometimes — the cycle’s impact shows up in the opposite direction — and I dig into how to use that inside my Lost Forecasting system.
Back to the chart : NVDA popped into the 195 area after earnings but has pulled back since. As long as the October 22 low holds, the structure for more upside is still intact. The November 10 high is the resistance to watch on any attempt higher.
2️⃣ Apple (AAPL):
AAPL is still inside a clear trading range. The October 31 high marks the top. The support I’m watching isn’t a recent low — it’s the old top from October 21. Price tested that level three times in a row on November 3 and held. Before taking the next move here, I want to see AAPL break out of this rectangle with follow-through.
3️⃣ Microsoft (MSFT):
MSFT continues to retrace the advance from the April 7 low. It’s currently headed toward the June 23 low, and based on RSI Power Zones, that could give short-term support. But a deeper pullback toward the May 23 low looks possible. A shift above the November 13 high would change the picture.
4️⃣ Amazon (AMZN):
Support holding the bull structure sits at the October 17 low. Resistance isn’t close by — it’s all the way up at the November 10 high. RSI remains in Bull Support Power Zones, so this one needs a new low to form before considering more upside.
5️⃣ Alphabet (GOOGL):
Google formed new support on November 14, and price action is still above it. There’s no true resistance because the stock is at all-time highs. Advanced forecasting tools can project resistance, but from a pure price-history standpoint, there’s nothing overhead — just that important support to monitor.
6️⃣ Broadcom (AVGO):
AVGO is consolidating between the October 10 low and the October 29 high. That October 29 high is about 25% of the retracement from the April 7 low, a level you’ll see across multiple charts because of that big tariff announcement week. No clear direction yet — watch those boundary levels closely.
7️⃣ Meta (META):
META is drifting lower and doesn’t look particularly healthy. Resistance sits at the November 7 high. Support to monitor is from April 30, and if that breaks, the next major marker is the April 22/21 low.
8️⃣ Tesla (TSLA):
TSLA’s pullback is shaped by a lower high on November 7, but RSI has moved back into Bull Support. The most important support isn’t one of the recent lows — it’s the May 29 high, the old top from that big consolidation earlier this year. I wouldn’t be surprised to see price action gravitate toward that old top to form a tradable low.
So that’s my take on what the major tech stocks are doing right now — and more importantly, how to keep your eye on the right support and resistance levels when things look all over the place. Mapping the critical levels, not every tiny level, helps you stay ready for the best possible setups per your trading plan.
If you found value in this video — insights into today’s markets or lessons you can revisit anytime — go ahead and hit that like button and I’ll see you in the next video.
~Hima
Leave a Reply