Stock Market Reversal? Key Levels & Stocks to Watch Tomorrow

the market has been selling off hard, but today, some green shoots started to emerge will we see a stock market reversal?

QQQ down four days straight—now testing major support.
Stocks like Amazon and Meta reversed hard off key levels.
Oversold conditions everywhere—time to watch for bounces.

Are we finally at a bounce point? Let’s break it all down.

QQQ tested key trendline support and held.
SPY also reversed off lows, though it wasn’t a clean move.
Stochastic RSI is deeply oversold—suggesting bounce potential.
If we gap down tomorrow, look for a double bottom opportunity.

The biggest factor? How the market reacts tomorrow morning at the open.

If we gap up, we need to see confirmation of strength.
If we gap down, watch for a quick undercut and reversal.

1⃣ Bounce Plays: Stocks Holding Major Support

Palantir ($PLTR)

• Massive pullback from $125 to $85.
• Now sitting on the 50-day moving average with 10 RSI.
• Trade Plan: Watch for a gap down and reversal.

Robinhood ($HOOD)

• Earnings winner that’s now oversold.
• Sitting at the 50-day moving average + lower Bollinger Band.
• Trade Plan: Looking for a reclaim of $14.50.

Meta ($META)

• Double support at 50-day moving average & old breakout level.
• Reversed off lows today.
• Trade Plan: Looking for a weak open, then red to green move.

Amazon ($AMZN) – Best Reversal Play!

• Hit $204 and reversed nearly $10 intraday!
• Strongest bounce setup with confirmed strength.
• Trade Plan: Buy on minor pullback.

2⃣ Oversold Stocks Ready for a Snapback Rally

JPMorgan ($JPM)

• Strong financial stock—now at 50-day moving average.
• Stochastic RSI at 12—deeply oversold.
• Setup: Looking for a support hold and bounce.

 ($OKlO)

• Cut in half from highs!
• Sitting at 50-day moving average + breakout retest.
• Setup: A gap down and reversal would be ideal.

3⃣ Bitcoin-Related Stocks: Will $IBIT Bounce?

Bitcoin has been hanging at $88K.
If it undercuts and reclaims, we could see upside in $IBIT.
Waiting for confirmation of strength before taking a trade.

$SPY:

• Support: 500, then 490.
• Resistance: 510-515.

$QQQ:

• Support: 510, then 500.
• Resistance: 530.

If we gap down and hold support, we may get a bounce play. This could start a stock market reversal
If we gap up and fail, expect more downside.

Focus on bounce setups in oversold names.
Use options on strong tech stocks like $META and $AMZN.
If we gap down, look for reversals. If we gap up, wait for confirmation.

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