Pre-market technical analysis of QUBT and SPY on March 17, 2025. QUBT needs to close above $8.50 for a bullish swing trade with targets to $10. SPY requires a close above the 8-EMA with bullish entry above 562 and an ATR of $11.
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Good morning, traders. It's Monday, March 17th at 5:24 a.m. So this morning we've got some economic news at 8:30, which is retail sales. So that has the potential to move some— move the market. That'll be pre-market though. Let's go ahead and look at our 2 stocks that we have. The first one is QUBT and the second one is the SPY. So QUBT, this was a great swing trade setup setting up back here. Increasing volume, closing above the 4 and the 8 moving average. Another day increasing volume, and then even Friday increasing volume, which is gonna push up. So we're breaking above some of these prints that are here, and there was another, well, 300,000 on March 12th. And then we're coming up, if we close above this 10:30, 10:50 area, then really game on for that. That's That's quite exciting. So that's the longer-term swing, and then if we break down below, below $5, then we can go short. We're still— that's $3 below. So anyway, it's looking a little bit more bullish, um, from our analysis here. Let's look at the 5-minute for the day trade. So we're bullish above $8.50 with a target of $8.66, $8.75, $9, $9.25, $9.50, and $10. So 9.25 is, is an R3. And so we would— this is quite strong here. And then we've got a bunch of prints above us, 9.60 all the way up to 10. And then we've got, um, uh, 10.54, 11, and 11.83, right? So this would be an R5. But this one can really move. It's, it's gearing up to move. It's got a 74-cent ATR on an $8 stock. It's close to 10% that it can move in one go. We're bearish below 6, so this would really have to tank. Look at all of these levels below that are just support, like 7.53, 7.40, 7.30, 7.20. I mean, if you want to scalp that, it's probably a better trade on the downside for another stock, but we've got to see what happens. If this really tanks, then we'll be bearish below 6 with a target of 5.75, 5.52. 536, 525, and then 450. And so anyway, that would be this range down here. And then there's a 300K at 513. So just so that you're aware of that one, this one looks quite strong. The next one we're looking at is the SPY. So the SPY here, we had high volume here and it got rejected, and then here it came down, touched a print, and moved up, which is strong. And then so we're stuck here on these, um, these prints here. There's a 10 million, a 3.4, and a 5 million, and this 4 EMA here. This might be an inside day, so we just got to be careful with that. This could pull up and then come back down at least here to 551. 547, right? Because the ATR on the SPY keeps going up. It's $11 now because of this massive move. It's been quite volatile day to day. So in order to go long, we'd have to close above this 8 EMA here with increasing volume. This is waning a little bit. So just that discussion on the longer side trade setup for that. Let's look at the 5-minute. So here we're going to be bullish above 562. Which is up here. We'll get above 562. We've got a lot of noise in the in the range here, so 560.94, 561, 561.32, and then so I went a little bit higher, 562 because of all of this here and that we're banging our head on the four EMA on the daily chart. So this is a safer trade. I'm sure there's a setup here. Around, um, you know, $5.61 above here to this, to the 50-cent level. It's a little tight there, so you can trade that. I'm playing a little bit safer here at $5.62. That would get us, uh, up, up here to the, um, the high of the, of the post-market, and then we've got some trades up. So $5.6250, $5.63, $5.6394, which is the R1. Uh, 564.50, 565, and then we've got this teeny here, 565.07 is a, is a pivot. 566.20, which is another one. 567.26, 567.50, 569.60, and then 570, 571.72. Okay, so on the downside Uh, we're bearish below 560 with a target of 559.50, 559, 558.50, 557.50 down here, 557, 556.02, 555. We've got this S1 down here at 554.92. Uh, so 554, 553.25, and 550. 22. So just as a note, you might see that there's been some, some changes. We've got moving averages, we've got some other interesting things that are here. There's a massive update that's just been released for Moby. I'll be doing a video on that, so it would be out probably in the next, uh, either today or tomorrow. So lots of exciting new features. So please like and subscribe, leave some comments in the section below, and I'd like some feedback on the new releases when you get to watch the video. All right, happy trading everyone, and we'll see you after lunch.
