Technical Chart Dive

Trading Data and Sentiment Tracker Update August 6th 2025

Let’s take a look at a few technical charts as we make our way to the second half of hte week here. First up the QQQ ETF, 567 is key this week and today we once again are sitting right on top of this area:

The SP500 futures are also trading near this weeks resistance, slightly above it at 6387 but our resistance lies here at 6375:

Its obvious the SP500 is trying to push back into that upper trend channel zone. The Nasdaq futures seem to be the strongest of the equities here and 23250 is this weeks key for the bulls to maintain above:

The futures spread between the SP500 and Nasdaq is continuing the battle to put in a base but after 2 straight weeks of solid overperformance from the SP500 vis a vis, this week isn’t shaping up well technically for the SP500:

Crude Oil seems to be on the cusp of confirming a weaker global economy and a close this week below $65 may just usher in a new continued move lower:

Silver is putting in a strong recovery this week, surprising actually but nonetheless the advance higher this week is formidable. Let’s just see if it can remain above $37.50:

Our final chart is Netflix and we want to point out the technical bounce here from the 38.2% retrace and the 21wkMA:

We saw today that Apple is allegedly going to invest $600Bln over the next 4 years, not sure where that cake is coming from, but look at the technical stick save bounce from our $201 support area:

Ok we have all the subscriber data up next, please hit the like button, please try to subscribe to support our mission and enhance your own knowledge on these complex topics and as always, have a great week everyone.