The analysis indicates a strong bullish outlook for Applied Digital (APLD) stock, following a significant break of a flag structure. Key price levels include $36.39, which was reclaimed and is considered a crucial support, and $29.45, which was an important prior support. The stock is aiming for new all-time highs, with initial targets at $40.20 and a more ambitious target of $45.00, contingent on sustained buying pressure and volume. The overall market, represented by the S&P 500 (SPY), is also viewed as being in a solid uptrend despite recent volatility. The market has recovered from a gap-down, and a move above $690 is expected to lead to a test of all-time highs, with $682.41 serving as a key support level to maintain the bullish bias. Traders are advised to monitor these levels for continued upward momentum or potential invalidation.