In this pre‑market video recorded on Friday, November 28th, 2025, trader Dave Barnhart provides a rapid technical walkthrough of two trade setups for the day’s half‑session: Micron Technology (MU) and the SPDR S&P 500 ETF (SPY). He begins by noting the Thanksgiving holiday, the market’s early close at 1:30 PM, and the risk of low‑volume manipulation. For MU, he examines recent large‑volume prints, identifies key support and resistance zones using the 50‑day simple moving average, CAM (Cumulative Average Momentum) levels, and several exponential moving averages (4‑EMA, 8‑EMA, 200‑EMA/SMA). He outlines bullish thresholds (above $238.25, targeting $240‑$250) and bearish zones (below $236.50, targeting $232‑$234). For SPY, he highlights a V‑shaped recovery, similar print‑based analysis, and delineates bullish levels (above $682.01, targeting $683‑$689) and bearish levels (below $681.50, targeting $679‑$676). Throughout, he emphasizes trading the price between these levels, cautions about holiday‑induced low liquidity, and ends with a call to action for viewers to like, share, subscribe, and watch for an afternoon follow‑up on trade outcomes.
Chapters
Good morning, traders. It's Friday, November 28th at 5:23 AM. So hopefully everyone's enjoying their Thanksgiving and we'll get back to trading. Although it's a half day, I believe the market's closing at 1:30 in the afternoon, so just a short day. So I've got 2 stocks for you today, MU, Micron, and we've got the SPY. So let's go ahead and have a look. On the right-hand side, largest trades in the last month. We see this, this is our current theme on the daily chart. So we've got a little bit of consolidation here, sold down to the 50 simple moving average. Then we have $700K in prints and we're moving up, crossing through prints now. So look at these ones that were above $500K, $503K, $503.50K. So we're just poking our heads above these. We stay above this, next target, this print up here, $246, $249, maybe new high, $259. But let's see, that, that's a longer-term swing. We'd have to get below this level, $224, in order to get back to the 50. So, so we're going to be bullish above $238.25. Let's get above this cam target, $239, $240, $241.25. 240, 250, 245.69. There you go, R3. That's pretty easy. This gets us, uh, 7 points. As soon as we get above here, clear sailing all the way to the R3, which is usually overbought. And, um, we're gonna be bearish below 236.50. Get below this print, target 236, 235, 234.57, and 234.06. You can see that retracement back here to this, um, This pivot that's sitting there, 233.13 is the 50 simple moving average here on the 5-minute. 232.41 is a CAM. Then I've got 231.70, 230.98, and then 230.03. This gets us back to the pivot here, and also my peanut butter and jelly 200 exponential, 200 simple moving average here. This might be a little bit of a floor. These pivots and CAMs are tightening up a little bit here. And then we're, um, we're getting really close to this 4 exponential moving average on the daily right here, which is at 229.88 as of this recording. All right, let's go ahead and have a peek at the SPY. Okay, SPY here. This has been interesting. You can see this kind of V-shape Recovery from this pullback here. Similar sort of things. All of these prints we came down, we had a 5 million. This is what 5 million hammering on the 100 simple moving average, and then this moved up. This was a great buying opportunity down here, and then we see all of these prints coming up here. So on Wednesday, 675.14 was another 5 million. That was that's crazy. We're above that now, and let's see if we can get up this similar to MU and make a higher. Make a higher high in the longer term. So essentially $683, a little bit higher, $685, and then maybe $688, $689. And then on the downside, maybe retrace to the 4 exponential moving average or the 8. So let's go ahead and have a peek at this one. On the intraday, we'll be long and short. We'll have trade setups for that, so there's no bias. So bullish above $682.01. Perfect right here. There's a 3.4 million print. We've tested that. You can see that right here. Test it, pull back. Let's see if we can break above that earlier. Hold this R1, we're off to the races. Target 682.42. 683.06 is a 4.7 million, kind of in the way. And then 683.15 here. So that's kind of double within, um, within 9 cents. That's 7. 8.5 million right there. Then we've got, uh, 684, 684.35 is our 2, 684.68 is a can. Then we've got 685, 687.50, 689.33 up here is our 3. So that's giving us about, uh, almost $8 move there on the upside. I wonder what's going to be like today. There's not really a lot of volume planned, especially with a half day and the holiday. There can be a lot of market manipulation on low volume as well, so just be wary of that. We're going to be bearish below 681.50. Let's get below here. Target 681.05, 680.59, 680.14, 679.37 is the pivot. That's all the way down here. I've got my 200 simple, 200 exponential, another CAM here. This looks like it might be a little bit of a floor. This will be a little bit difficult to get through unless there's massive volume and it's running down. Then just trade these levels level to level, prints, prints, and then potentially back to 676. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we will see you later this afternoon with the results of these trades. Happy trading!
