๐๐
70 posts
$SPY $QQQ Still see an impulse down on both $SPY & $QQQ along with what is currently just a 3 wave rally (often corrective if just 3 waves) back into supply. As long as 740.72 - 746.90(SPY) & 714.06 - 725.68(QQQ) holds. Sellers can still fade the markets. Downside thesis invalidates above 746.90 on SPY and 725.68 on QQQ and would open the door for ATH where I still firmly believe 745-781 is the topping range.
$SPY That might be it... As our friend @ChandlerTrading says best "flats = traps" and this is giving real B wave flat signatures to it. Lose the 50D EMA & the fade into the 200D begins.. This would unfortunately catch many people off guard given how short of a rally that would be. Invalidation for corrective structure(s) as a whole would require buyers securing a close above 748
Data centers may be on the chopping block soon $IREN $CORZ $RIOT $WULF $HUT $APLD
Do / Die zone here: Bulls have to defend this blue belt and the last line is the blue dotted line. If held, then a rebound to 7400+, hugging tmrw's SPCX IPO. If failed, then the red arrow will lead the way to 7150 zone, in a small flash move.
$GOOGL Weekly W4 Demand at 272-312
