Mar. 21 at 6:03 PM
$SPY $QQQ March 2025, I highlighted a bottoming opportunity in the Magnificent 7 (via the
$MAGS ) following the “Tariff Sell-off.” At that time, the ETF was stabilizing at a key support/resistance (S/R) pivot of
$46.06.
Since that alert, the ETF rallied nearly 50% to new all-time highs. However, in the current pullback, MAGS is back on my watchlist as it nears:
The Long-Term Supporting Trendline.
A High-Volume Shelf near
$55–
$58.
I use MAGS as a macro barometer. Since these seven names constitute roughly 33-36% of the S&P 500, their price action dictates the general market’s direction. While I watch the basket, I am being selective. I don’t want the whole “grocery store”—I only want the best-priced items.
Here are my top Mag7 picks:
https://open.substack.com/pub/lextrading/p/quality-as-the-ultimate-hedge-navigating?utm_campaign=post-expanded-share&utm_medium=web
