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Churn Day before pullback? Market Analysis and Key Levels for May 7, 2026

In this video, we discuss:

  • Index Structure on hourly timeframes

  • Key intraday levels for QQQ, SPY, and SOXX

  • Scalping Gameplan for the day

  • Today’s Key levels for ES and NQ futures

  • Intraday trading plan for Gold


Here are the timestamps for the video:

  • 00:00 Market Context and QQQ Levels

  • 04:02 SPY Levels

  • 04:40 Scalping Gameplan

  • 06:03 NQ and ES Levels

  • 07:30 SOXX Levels

  • 08:20 Gold Levels


Today’s levels summary:

  • QQQ

    • Between 690-696 => Neutral

    • Bullish above 696 => 699, 702

    • Bearish below 690 => 687, 684

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