YES- UPS is at resistance right now (around 118ish) which is the bottom of that massive gap from Jan 29/30th.

YES- It can hit T1 with even if the market drops but the odds are much, much lower that it will (again, assuming the market continues to fall from here, especially a big drop) as UPS will be swimming against the tide. Possible, YES. Probable, No.

Of course, if the stock market rallies from here, that “should be” a net tailwind for the UPS trade. Remember, NVDA reports earnings Wednesday after the market close & there’s a good chance that will determine the next tradable trend (UP or DOWN) in the stock market depending on which way NVDA goes from there.