Market Forecast & Setups Watchlist 7/19
Present downside risk + interesting sectors to pay attention to
As we head into the week of July 20th, 2026 we open the doors with present downside risk and limited upside with some sectors bullish and some bearish.
Above you we see TRIPLE VEX floors for the weekly expiration. This holds up and is similar across all expiration’s for this week on SPY 0.00%↑. This indicates not necessarily a pull to those levels, however they do act as an extreme floor/bounce once touched as the forced buying pressure is increased heavily in that region. Something to keep in mind and watch closely.
So let’s take a look at where we could go.
Above we have SPY 0.00%↑ showing every expiration for this week.
Main Weekly Rejection Ceiling to Watch: 745
Main Weekly Support Floors to Watch: 735/740
Extended Weekly Rejection Ceiling to Watch: 750
Extended Weekly Support Floor to Watch: 728
(Price Rejects Hard on these levels)
Main Floors to Watch:
Monday & Tuesday: - Floors: 740/736 - 740 as the main 1st target floor and 736 as the extended floor
Wednesday: - Floors: 740/734/728 - 734 is only reachable if 736 breaks, 728 is caution
Thursday: - Floors: Open - extended room to push anywhere
Friday: - Floors: 728 - max extended downside target on SPY
If 745 were to break, it would open room to 750 and higher potentially 755-756 max. However I think that is less likely. Something to watch for as the bullish outcome if it does happen.
Sector Divergence & Names to Watch Per Sector:
Leaning Towards Heavy Upside:
MAG10 - (AMZN, GOOGL, NVDA, MU, META, TSLA, AMD, AVGO, PLTR, AAPL)
China - (JD, BABA)
Select Healthcare - (TEM, JNJ, AZN)
Honorable Mention for Large Upside: AZN
Leaning Towards Heavy Downside:
Select Software - (TEAM, NOW, ZM)
Consumer - (COST, WMT, KR, TGT, LOW)
Honorable Mention for Large Downside: COST
Potential Setups:
The two setups I found with the best potential structure
AZN 0.00%↑ off support up to 180, potentially 185, 190 extended
COST 0.00%↑ off resistance down to 910 support, potentially extending to 895 with enough bearish pressure
Most Important Earnings:
Lot’s of earnings this week, I won’t crowd you with. every ticker and instead tell you which ones I think will be most influential.
From looking at the structure, GOOGL, AXP, & INTC seem bullish while LMT, IBM bearish and LVS with mixed exposure and could be volatile either way.
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