🚨 I’ll be live at 11:30 a.m. ET with Jack Carter🚨
We’ll share the report with today’s top Triple Income Strategy trades, break down the setups, discuss what’s moving markets and more [tap to join us for Market Masters]!
The market has a way of telling you what it wants to do if you’re willing to listen — and right now some of the biggest names in tech are practically shouting their next moves.
I’ve been digging into the individual charts of the major tech stocks, and what I’m seeing is a series of correction patterns that need to play out before these names can set up for their next significant runs higher. These aren’t random moves — they’re classic technical setups that clean up price action and create the foundation for what comes next.
Let me walk you through what I’m seeing on each of these charts and where I think they’re headed…
Before diving in, it’s worth noting that broader market sentiment is playing a major role right now. We’re in an environment where certain parts of the economy, like housing, didn’t just hit a speed bump — but slammed into a wall.
When housing freezes, liquidity and confidence often follow, and tech stocks tend to feel those ripples quickly.
Nvidia, Microsoft and Google: Corrections in Progress
Nvidia (NVDA) keeps telling me it wants to dip down to $150. The initial move down was an A wave, the grind higher into the pop on earnings was a B wave, and now we’re likely working on the C portion of that structure.
That entire A-B-C move helps clean up the big corrective pattern — and once that completes, we can set up for something much larger. This drop could come fast or grind lower for a couple more weeks, but the structure is pointing in the same direction.
Microsoft (MSFT) is probably going to make a lower low. The push down below the 76.4% Fibonacci retracement level tells me we probably need to move under the previous low before we can turn higher.
I’m looking around $330 before a real reversal can form.
Alphabet (GOOGL) is almost to its target zone, even though the price action doesn’t look clean. A flush under $160 looks likely, and that move would finish the corrective work needed to set up the next leg up.
It’s worth keeping in mind that these corrective structures are normal. An A-B-C correction often looks messy, but it’s one of the cleanest ways a chart resets itself before a larger directional move forms.
For anyone new to the terminology, an A-B-C correction is one of the most common price structures in the market. The A leg is the initial move, the B leg is a partial retracement against that move, and the C leg finishes the correction. Once all three legs complete, the chart often sets up for a much larger and cleaner trend.
Meta, Apple and the Rest of the Mega-Caps
Meta (META) had a nasty pop and rejection, and now it’s probably going to hunt a lower low. A spike under $580 would help finish the cleanup so Meta can reverse out of this zone.
Apple (AAPL) is sitting in a critical range. If it breaks below the January low, we probably spill down to the $220 area. But if it can break above the downtrend of highs, then $295 opens up — and that’s a big 70-75-point move.
Amazon (AMZN) has bullish potential if it can climb back above its Market Roadmap line. That opens the door for a move back to the $260 area. We’re consolidating under that line right now, which leans bearish, but the support where we’re holding still looks constructive.
Tesla (TSLA) keeps riding the downtrend of highs. A breakout, back test, and turn higher could point toward $550. But sentiment around TSLA has turned extremely bearish — plenty of analysts are openly calling for $150.
When sentiment gets that one-sided, it often sets up violent reversals, so that downtrend break would matter a lot.
Netflix (NFLX) rejected off the Roadmap line and looks like it wants to revisit support. From there it could turn higher, or it could drift down into that $60 to $70 zone. A bounce off support and climb through $108 would open up more upside, but that gap overhead still creates heavy resistance.
With the housing market seizing up, investors are becoming more selective. When people feel squeezed on real estate or liquidity, they start gravitating toward clearer technical setups and cleaner directional plays. That’s why these correction patterns matter — they become the roadmap when everything else looks chaotic.
As for potential catalysts, a lot hinges on whether these charts can reclaim key trend levels. A strong move through resistance, a successful back test, and a turn higher often creates powerful momentum — especially in names where sentiment has gotten too bearish for too long.
The key here is patience. These patterns need to complete before the next leg higher can begin. Watch these levels closely — they’re not arbitrary. They’re where price action gets cleaned up and real opportunities emerge.
Jeffry Turnmire
Jeffry Turnmire Trading
I host my Morning Monster livestream at 9:15 a.m. ET each weekday on YouTube, and then 30 Minutes of Awesome at 5 p.m. ET each Tuesday!
Please check out my channel and hit that Subscribe button!
You can also follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram:https://t.me/+6TdDE7-F6GlhMmJh
Important Note: No one from the ProsperityPub team or Jeffry Turnmire Trading will ever message you directly on Telegram.
I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.
I’ve been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it’s the Eagle Scout in me.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
