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The broad market is higher as strong earnings continue — but will that momentum hold after Wednesday, October 29th’s reports?
In today’s video, I’m diving into a packed list of S&P 500 names reporting mid-week, including some of the biggest players in tech. I’ll show you how I’m identifying key support and resistance zones, whether a stock is trending directionally or moving sideways — all using my RSI Power Zones and price-action framework.
Here are the highlights:
1️⃣ Meta Platforms (META): Watching Resistance Near $790.80
After turning higher from the Bull Support Power Zone on the weekly chart, META is positioned to resume its broader uptrend — but it needs to clear the September 19th high near 790.80. A break below the October 24th low around 731.15 could send it back toward the 700.00 area. For now, momentum remains constructive as long as it holds above that level.
2️⃣ Microsoft (MSFT): Key Levels to Watch Ahead of the Report
As one of the major tech names reporting, traders should keep an eye on how it behaves near recent highs. The same support-and-resistance principles Hima demonstrates here apply — look for tests of prior peaks and troughs to guide trade direction. If momentum holds up into earnings, we could see another strong leg higher, especially if the market reaction mirrors the broader tech trend this week.
3️⃣ Alphabet (GOOGL): Bull Support Bounces Back
After revisiting the Bull Support Power Zone on October 10th — similar to its June pattern — GOOGL’s momentum has turned higher. On the weekly chart, a push toward 300.00 doesn’t look far-fetched if the uptrend continues. Hima notes that while forecasting steep moves can be tricky, the structure remains strong overall.
4️⃣ Caterpillar (CAT): Momentum Holding Steady
CAT continues to respect Bull Resistance and Support Power Zones, consolidating before another possible move higher. Sideways action may continue in the short term, but structure suggests the potential for a push toward 560.00. Traders should watch for a clean breakout from current consolidation before entering.
5️⃣ CVS Health (CVS): Healthy Trend with Room to Breathe
CVS has been trending higher, pausing recently for a healthy pullback. Key support lies near 69.60 — a level aligned with RSI Power Zones support. Holding above that zone could set up a fresh buying opportunity. If earnings confirm strength in the broader healthcare sector, the next swing higher could develop quickly.
6️⃣ Fiserv (FISV): Bear Zones in Control
Since April, FISV has been dominated by the Bear Resistance Power Zone, and price is edging back toward an Old Bottom near 131.06. Hima notes limited upside potential and sees greater likelihood for a move lower if that resistance holds.
7️⃣ Verizon (VZ): Testing the Bottom of a Massive Range
VZ remains in a wide consolidation between its December 2023 low and October 2025 highs. As long as it stays below the October 20th high, further downside into range lows is likely before any rebound attempt. This setup highlights how powerful range boundaries can be for patient swing traders.
8️⃣ Boeing (BA): Potential Position-Building Opportunity
BA’s consolidation has been “working off time,” and while the RSI Power Zones cooled off, the price remains above 195.28. That keeps the door open for a climb toward 260.00 over the next several months. The chart suggests an accumulation phase that could reward long-term bulls.
9️⃣ Centene (CNC): Attempting to Stabilize
After a steep downtrend and major gap, CNC is trying to hold above its September 22nd low near 31.65. Staying above that zone could trigger a bounce toward the 40.00 area, while a breakdown could revisit recent lows. A sustained move above $35.00 would start to shift structure more favorably.
1️⃣0️⃣ Chipotle (CMG): At a Crossroads
CMG hasn’t regained its late-2024 strength. Holding above the October 10th low at 3,981.00 could allow for a bounce toward 4,427.00, but a break lower points toward the 3,500.00s. The stock remains under pressure, but longer-term buyers may find opportunity near major support.
~Hima
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