Meta Broke Its Trend Line. Here's Where Jake Shorts It.

Good afternoon everyone and welcome to my procharts stocks video. My name is Jake Sweeney, protrader here at Verified Investing and today I had a great video for you today. Focus of today is going to be giving you guys some key support and resistance levels to watch and also giving you guys some swing and day trade levels of stuff that I see coming up and whether you take that or not or watch how it plays out, be my guest. Thank you guys for joining me today. Let's get into it. First one on the dock is SpaceX. All right, first off, SpaceX having a great day today. So, what I'm noticing first is that we had this we sold off yesterday for after pushing up here, but we kind of bounced off these two trend lines here, and today we're trying to push back up. So resistance-wise resistance-wise, I have this ups sloping trend line here from this July 14th pivot. One, two, three hits. If this pushes up to about 156 today or tomorrow, 156, there's going to be a lot of resistance here. And I say that because it's this sending trend line. So it has three hits. So a valid trend line. Also, if we go to 156 over here, there's a lot of tail and a lot of wick rejection in this area from 156 to 157. I expect a lot of resistance there. should have continued to push up. There's this unfilled gap here at 16042. This should be the next main level of resistance. And this zone here should act as a magnet uh to pull price towards as um price closed here and then gapped down leaving this unfilled gap. Price tends to come to these levels and fill them eventually. If we can break past that gap fill, this pivot top here or just this uh candle high here at 16550 uh showing two candle rejections also in this level should be the next level for SpaceX. For support-wise, I have this ups sloping trend line now has three hits with yesterday's hit. So we could start continuing making higher lows relative for SpaceX and trying to continue on higher past this 150 160. A lot of resistance here in this area. Should we break from this one, we still have this down sloping trend line that first we broke out of right here on September 3rd. And since uh the first week of September, we since have been kind of bouncing off this trend line. So, if this one breaks, look to this one uh towards the downside at about 140, lining up with some uh candle top here. Those are your levels for SpaceX, guys. Continuing to push up. Looking at Meta today. This is a stock that I was looking to short today, but it didn't give me the volatility that I needed. That is okay. First up, what I was looking to play was this gap fill right here at about 688. Price got to about 644 and came well in as we see here. But that's all right. We uh we don't chase when our levels get missed. We got to stay disciplined and responsible. All right. So, where is Meta going to continue going? It's trying to It's one The big story of the week for Meta is it's broken out of this trend line right here. 1 2 3 4 5 six hits. If we finally punched through that trend line after this trend line has gotten hit about six or seven times plus getting more frequent more frequent plus more hits trend lines will eventually break to the upside. Now could see a a retrace to this trend line as we did yesterday and although we did close above. So we could be consolidating in this area about 670 675 to see if this move has legs to move on higher. Next resistance I expected some at about 710 for Meta. So a swing short level that I'm looking for here is if price pushes up into about this 730 740 area whereas this large pivot top here at 740 and then this unfilled gap here at 73831 in that dollar zone. That's where I think would be a good swing short on Meta. And that was my uh and then support-wise, we already talked about this one. Now we also have this steep ups sloping trend line that should act as support. A lot of hits right here. Price broke below but did not confirm. Reclaimed it and is since coming back up. So kind of right in this cross confluence area around 657 we have this down sloping trend line up sloping trend line both acting as support and our relief pivot at 638.40 40. Should we come down, we should find ample support here as we did um last Wednesday. Looking at circle today under pressure today, down 5%. Um but we did bounce off this ups sloping trend line into the open. We sold off and now we're recovering uh pretty well, but we have this now one two three and now today would be a fourth hit. So, a new ups slipping trend line that should act as support as we continue on higher. This 7841 low tail here should act as additional support as we're seeing a lot of consolidation in this area. Price right here gets rejected and then we come back up. We punched through it but barely close on that level. I think this is a great support level 78.41 for circle. Now on a day trade I'm looking for circle if it can push back up towards this 96.97 level maybe tomorrow after this FOMC decision. uh 96.97. We have this gap fill, this low uh pivot here, and then also the 786 from this previous run. All stacking in kind of a few dollar zone in this region should be a lot of resistance for circle. KBH, one of the home builders, uh consumer dur durables also, uh making higher lows off this sharp sell-off. So, we bounced down off here and now today or with last Friday's price action, we now have a higher low support trend line. So, three hits here for the downside for support. I'm looking for KBM if price continues to push if price continues to push back up. Still about 15% away. Um, but if we push up into this zone, we have this pivot top here at 5755 and an unfilled gap at 5859. This right here will be my swing short zone on a sharp move into that level. But you could see try and look for this low pivot for KBH. Um, as we see price likes this 4817 level, uh, we may come back down, but we could continue to ride back up. I don't see price breaking below 47 near term. So, this is just a quick day trade for you guys. I was looking at today, but we didn't give our level. So, this could be a play for uh maybe tomorrow or Friday should it continue lower. But there's this pivot here at 1661. Price got as low as 1682 today. And then this unfilled, let me move this uh let me remove that red part. There's this red bar candle right here. This unfilled gap at 1631. So price is now hammering on this support line here. Should we fall down further into this zone could be a nice scalp for a day long on SoFi. Looking at GEV GE Veron having a great day today up about 5% um but getting shut down. We filled the gap here at 924 925 but we're since coming in a touch. So this could be credit from this trend line right here from March 9th 2026 2 3 4 and then we break below this level here right here we get rejected we push back up and then break below again and now as we're coming up to it we could credit this trend line for getting it halted today if GEV looking at this continues to push up there's this pivot here at 94838 and then this unfilled gap at 95725 uh 95727 and this zone here could be a good short on GE Verana. Um, also have this longterm trend line from July 30th, 2025 projecting price right there, rejecting and then accepting. If price were to come back down as we made a lower low here, if we break below this pivot here at 852, we could see some support here um on this rising trend line as hasn't been tested since February of 2026 for support. So if we line this up about a day later about 8:44 to 8:45 uh for the next couple days could be some support for GE Verona and as I say that 844 845 also lining up with some prior consolidation here has some legs to run higher. Last one on the day guys is LIT. Now this was a day trade that I was um in the room. We are also watching uh this unfilled gap at 92703. Price got close but then has since pulled back. So watch this level for a day scalp. A swing short level. I'm looking at this zone up here about 985 to about a th00and one. We have this candle high here at 985 with a lot of rejection into this level. I like seeing all these wicks into this level showing that sellers will defend this level at 985. Then this is a premature trend line because this only has two hits and in my methodology I need three clean hits. However, kind of pre um assuming if price continues to push up into this 985 zone could get stopped um around a,000 or 108 1016. Also, there should be plenty of resistance at the psychological 1,000 handle for LIT. Should we come in for support for LIT? This pivot here at 83691 should offer ample support. And then we also have this ups sloping trend line from this little pivot. And as we see here, price is bouncing off this trend line. One, two, three. So, we could have some more dynamic support into the 840s. 850s. Thank you guys so much for following till the end of my video today. If you guys didn't know, um I just want to uh say that at Verify Investing, we offer a bunch of free technical analysis, daily charts, and tweets that we do every single day, giving you guys key levels um to watch for your swing and day uh trade setups. Um, go take a gander at that and see if you like how I trade. Let me know if you're more contrarian trader or if you're more of a momentum trader. Um, I think both can excel uh to certain degrees. Uh, leave me a comment below. Okay. Okay guys, um, stay tuned guys. Big day today for that FOMC at 2 to 230. Um, a rate hike is priced in. We shall see if there's any curve balls. All right, guys. Thanks. Have a great week. Take care.