Zak Mir takes a charting look at S&P 500, Nasdaq 100, AtlasClear, Apollomics, BGM, Conduit, Educational Development, Presidio, Shuttle, Triller, Visionary Education.
I take a close look at the S&P 500, the Nasdaq 100 and a selection of individual stocks that are showing interesting technical setups right now. The market remains inside its rising channels from April, momentum indicators have cooled a little, and the Fed continues to be an active ingredient in near-term direction. Below I summarize the technical picture, key support/resistance levels, and what I’m watching over the next few weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview: S&P 500 and Nasdaq 100
S&P 500
The S&P is still trading inside the rising trend channel that began in April. After an overbought RSI reading the index pulled back but then recovered to close near the highs of the day — a classic “cork in the water” move. Key levels to watch:
- Near-term support: around 6,500 (I’m treating roughly 6,540 as a practical line given recent price action).
- Immediate resistance / channel top: toward 6,700 — a target I’d expect to see by the end of next month (or sooner) if the trend holds.
The Fed’s communications and policy path will remain the obvious headline risk that can accelerate or blunt these moves.
Nasdaq 100
The Nasdaq has pulled back slightly but remains above the 24,000 zone — still firmly within its rising channel from April. My medium-term targets:
- Normal target: 25,000 (top of the April trend channel) by the end of next month.
- Best case: up to ~26,000 if momentum stays strong (this ties back to a late-January resistance projection).
- Downside reference: the lower edge of the channel and the 50-day moving average near ~23,400 — holding above that would underline market strength.
Stock watch: selected setups and levels
There have been a lot of recent winners — and a lot of viewers keep their own watchlists — but here are the stocks I covered and the levels I’m watching. Timeframes noted are my technical horizon (mostly toward the end of next month unless stated otherwise).
AtlasClear Holdings, Inc. (ATCH)
AtlasClear blew past the recent target near $0.82 While it remains above that zone, the next major structural level to watch is the 200-day moving average up near the $2.70 area. Near-term support sits around the prior broken resistance near $1.18 — if AtlasClear can stay above that on a daily close, the case for a fresh leg higher strengthens. Note the RSI pattern: multiple bounces off the uptrend in the RSI window provided the engine for the recent moves higher.
Apollomics, Inc. (APLM)
After clearing the initial $12 target, Apollomics has already reached the second target near $20.98. A decisive end-of-day close above $21 would open a best-case path toward the $35 region by the end of next month. If we see a pullback, $15–$16 is the likely ideal support zone (that’s roughly the median of last October–November levels). Be mindful that above $20 shares have historically experienced sharp sell-offs, so position management and close watching of volume/price are important.
BGM Group Ltd. (BGM)
BGM is bouncing off the floor of a falling trend channel and has pushed the RSI back above 50 for the first time in a couple of months. Both the 50-day and 200-day moving averages are rising. Key references:
- Short-term support: the 50-day line near about $8.46 — staying above this increases the odds of a move toward the channel top.
- Near-term upside: a minimum move to around $13 (top of the falling channel).
- Higher conviction area: holding above the $9.50 zone, which was prior resistance on the way down.
CDT Equity Inc. (CDT)
CDT produced a bear-trap island reversal — it gapped down to new lows and then gapped back up, creating an RSI extreme (down near 13) before the reversal. The trade is simple in concept but binary in risk-management terms:
- Key support: the top of the last gap, roughly $0.77 on a daily-close basis — this is the level you do not want to lose.
- Gap-fill target: first fill up to approximately $1.17;
- Extended upside: if momentum continues, the shares could push into the $1.60+ area by the end of next month.
Educational Development Corporation (EDUC)
Educational Development has cleared the 200-day moving average and the top of a falling trend channel — that’s constructive. If it can break and hold through the resistance area near $1.91, I’m looking toward about $4.00 by the end of next month. Immediate support to defend is roughly $1.60–$1.70 on daily closes.
Presidio Property Trust, Inc. (SQFT)
Presidio shows an interesting setup: an earlier gap down followed by a lower retest. The level to watch for support is near $7.50 (previous resistance on the way down). If that area holds, the upside target looks toward $14 by the end of next month. The chart here is a little thin on data, so consider this more speculative and treat it as a “finger in the air” setup rather than a high-probability, textbook pattern.
SciSparc Ltd. (SPRC)
There is another gap-down-then-gap-up example in my watchlist from the end of last month. Important levels:
- Must hold: the old support on the way down, around $3.90.
- Upside: a retest of the top of the channel and potentially the 200-day line toward about $8.00 by the end of next month.
Shuttle Pharmaceuticals Holdings, Inc. (SHPH)
Shuttle has broken back above the 50-day moving average and pushed the RSI above 50 — the first time in a while. Near-term resistance sits around the $3.70 level; above that the top of the falling trend channel is a potential target up toward $5.60 by the end of next month. If you want a conservative entry condition, staying on the right side of $4.00 makes sense.
Triller Group Inc. (ILLR)
Triller moved through its 200-day moving average (the 200-day area I’m watching is near $1.23). Given the recent bullish candle structure (open at the low, close at/near the high) the upside target is $2.00 by the end of this month. That’s a short time horizon — watch the daily closes for confirmation.
Visionary Holdings Inc. (GV)
Visionary Education spiked through both the 50- and 200-day lines and cleared recent resistance around roughly $2.80. With an RSI 50 rebound already in place, the top of the range toward about $5.80 is the technical target by the end of next month. Keep the $2.80 region as the immediate level to defend.
Quick notes on the technical tools I’m using
To make this useful for traders of different styles, here’s how I interpret the main tools:
- Trend channels — give the broad directional bias. Riding the right side of a rising channel usually keeps you aligned with the bigger trend.
- RSI (Relative Strength Index) — a move above 50 is constructive; overbought readings can lead to pullbacks, while readings below 30 (or extreme lows) can precede reversals.
- 50- and 200-day moving averages — these are commonly used dynamic support/resistance lines and help define medium- to longer-term bias.
- Gaps and island reversals — gaps often act like magnets (gap-fill) and can create strong short-term momentum; an island reversal or bear-trap gap warrants close attention to the gap-tops and gap-bottoms as clear levels for managing risk.
Conclusion and what I’m watching next
The broad market remains constructive while inside its rising channels, and several individual stocks are presenting actionable setups — from gap fills and bear-trap reversals to breakouts above moving averages. The common themes I’m watching are: whether indices stay above their key support zones (S&P ~6,500, Nasdaq ~24,000), how the Fed’s messaging affects risk appetite, and whether individual stocks can hold the daily-close levels I outlined above.
“More updates tomorrow — I’ll continue to track these charts and share what I see. — Zak Mir”
Watch and trade with discipline
If you follow these setups, manage your risk, set clear stop levels (especially around the gap-tops or prior support lines noted), and treat the targets as technical objectives rather than guarantees. I’ll be back with more charts and daily updates.
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.
