Zak Mir takes a charting look at S&P 500, Nasdaq 100, Advent, Atlantic International, Arcturus, Cognition Therapeutics, GSI, Frontier, Lightbridge, Ondas, 180 Life Sciences, 3D, and Telos.
Below I’ll lay out the technical picture, short-term targets and key support/resistance levels so you can see where I’m positioned and what I’m watching for over the coming days and weeks.
Market overview: S&P and Nasdaq
S&P 500
The S&P is tracking inside a clearly defined rising trend channel that dates back to April. The top of that channel is heading for roughly 6,650 (an end-of-September projection), although momentum lately suggests we could reach that level sooner — possibly by the end of this month.
Technically we’re supported by a recent gap-fill buy signal and RSI rebounds that have held at or above the 50 level. As long as the index remains above the floor of the channel — currently around 6,325 at the April uptrend line — the upside remains favored.
Nasdaq
The Nasdaq feels a touch stronger and we’ve been targeting 24,000 for some time; we’re very close now and I’d expect that level to be tested in the coming days. If we clear 24,000, the next projected resistance line (drawn off the January highs) heads toward about 25,500 .
Maintaining the right side of 23,000 here ahead of any larger upside move is important — keep an eye on that level as a near-term reference for strength.
Stocks on my radar
Below are the individual setups I covered — what to watch, targets and the technical conditions that would invalidate the move.
Advent
Shares have bounced from the lows and have broken recent neckline resistance around the $2.55 area. If the stock holds above the May–June resistance near $3.00 , the next upside objective is the 200-day moving average, currently in the $3.60–$3.80 zone. That’s the level I’m looking for in the coming days.
Atlantic International
This name was trading inside a falling trend channel but has broken above the midline (around $2.35 ). Above that, the 200-day moving average — near $3.80 — and the top of the channel mark the next upside targets. A close back below the 200-day area near $2.09 would significantly weaken the turnaround thesis.
Arcturus
Arcturus looks like a slow-turn turnaround. The stock is carving a rising trend channel with the top of the channel near about $22 , which could be reached by the end of next month if we stay above the 200-day moving average. My stop is an end-of-day close back below the 50-day line (currently around $13.15 ).
Cognition Therapeutics
Nice rising trend channel here. The base of the channel sits in the low area (I’m watching the chart closely) and current resistance recently broken is around $0.88 . With double RSI 50 rebounds and a 50/200 golden cross starting the week (50- and 200-day lines rising and crossing), the technicals favor upside to the channel top (around $1.60 on my chart) by the end of the month while above the recent breakout.
GSI (Gatekeeper Systems)
Beautiful V-shaped rebound over the last few weeks. The top of the rising channel projects up toward roughly the $2.00 area, with channel floor support near $1.30 . I’m looking for that channel top by month-end while the stock holds above the floor.
Frontier Group
This one produced a double gap-close buy signal — two gaps down which the market has now filled. The stock closed just above the $4.25 area on that gap-close, which is a bullish technical event. Initial upside could be toward the $5.00 area, with the 200-day moving average near $5.50 as a later target during the rest of August if momentum continues.
Lightbridge
Lightbridge has been in a rising trend channel since last October. The top of the channel is projecting toward about $22 (a target for the end of this month) while the stock remains above the recent broken resistance at $15.70 . RSI bounces near neutral suggest underlying strength — I could even upgrade the channel target to around $24 as an end-of-September objective if the trend holds.
Ondas
Ondas has already made solid progress inside its rising channel. The channel’s top is pointing toward roughly $6.00 and the gap-floor support sits near $3.80 . I’m looking for the upper channel target by the end of the month while the stock remains on the right side of that gap floor.
180 Life Sciences (the standout)
This was the star of the show on my watchlist — the stock carries a large unfilled gap to the upside. We were initially only expecting a move into the $4.40 area, but the shares have significantly overshot that target and shown strong momentum. Take a bow if you were along for the run; I’ll be watching for how the gap behaves (fills vs. continuation) over the coming sessions.
3D Systems
3D Systems is trading inside a rising trend channel with a base that’s holding and a top projection around $2.70 . Near-term support sits at July resistance around $2.18 on the chart I’m following — while we remain above that July threshold the upside toward the channel top remains the path of least resistance.
Telos
Telos has produced a massive vertical move and is now trading in an extended rising trend channel. The channel top points to roughly $6.80 , which I’m looking for by month-end provided the stock holds above the old November resistance of about $4.83 on an end-of-day close basis. Even though Telos has already rallied strongly, there may still be room to run if the technical structure remains intact.
Key takeaways and risk management
- Indices: S&P remains in a well-defined rising channel; Nasdaq is testing 24,000 with a path toward ~25,500 if momentum continues.
- Watch the 50/200-day moving averages and RSI 50-level rebounds — those have been useful confirmation tools for recent strength.
- For individual names, targets are channel tops and 200-day moving averages; invalidation often comes from decisive closes back below key moving averages or gap floors (I call these stop-loss reference points).
- Market context matters — geopolitical optimism (e.g., prospects of peace) is helping sentiment right now, but remain disciplined with sizing and stops.
That’s the run-through for today. I’ll continue to monitor these charts and provide updates — see you tomorrow.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
