Oil Squeezes Markets: NVDA, OXY, & The 7,485 S&P Line in the Sand

Here is the trade setup for the Thursday open.🚀 OXY: Evercore upgrades to Outperform with a $65 target level.📉 PEP: Volatile after Q2 earnings; critical support at $132.96.🔔 NVDA: Rebounding on a BofA Buy rating; major psychological floor at $200.00.📈 Key Levels:🔔 S&P 500 (/ES): Line in the sand is 7,485 to 7,495. Resistance at 7,552 and 7,585. Support at 7,460 and 7,446.📉 Nasdaq 100 (/NQ): Line in the sand is 29,540. Resistance at 29,715 and 29,961. Support at 29,065 and 28,663.Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.