As the market opens higher this morning, it's important to remain disciplined and avoid chasing an early rally—especially following a significant down day and a weak close on Friday.
One of the most common mistakes investors make is assuming that the first bounce marks the start of a sustainable advance. In many cases, the initial rally is simply an oversold reaction or what traders refer to as a "dead cat bounce."
Historically, after a sharp decline, I prefer to give the market time—often until midweek or even the end of the week—to see whether buyers are truly stepping in with conviction. Very often, after the first reaction higher, the market resumes its downtrend, undercuts the recent lows, and additional damage occurs.
Patience and selectivity are critical. Let the market reveal its true character before becoming overly aggressive. Focus on preserving capital, managing risk, and allowing the price action to confirm whether the move is the beginning of something meaningful or merely a temporary bounce within a larger decline. https://t.co/JXzFFTmMtn
20 stocks I'll add in this May/June 2026 $SPY crash.
Remember, market always bounces back to all time highs.
1. $NVDA $225
Buy: $180–190 Prior breakout and massive institutional demand zone.
2. $MU $725
Buy: $500–$550 Strong support and AI memory demand acceleration zone.
3. $GOOG $392
Buy: $350–360 Historical accumulation zone and long-term AI infrastructure support.
4. $AAPL $300
Buy: $260–270 Major support with massive cash flow and buyback strength.
5. $IONQ 51
Buy: $25–38 Prior breakout zone with aggressive future growth potential.
6. $POET $16
Buy: $7–9 Early-stage AI photonics accumulation zone before mass adoption.
7. $DGXX $7
Buy: $3–3.50 Deep support zone with speculative AI infrastructure upside.
8. $MRAM $52
Buy: $14–15 Long-term semiconductor accumulation and breakout retest area.
9. $CIFR $20
Buy: $11–12 Oversold support with strong long-term cybersecurity demand potential.
10. $MSFT $42
Buy: $360–370 Major institutional support and AI cloud dominance zone.
11. $META $610
Buy: $530–540 Historical support and heavy AI monetization opportunity area.
12. $AMD $420
Buy: $340–350 Major support before next AI data center expansion cycle.
13. $INTC $107
Buy: $65–70 Multi-year support with asymmetric turnaround potential.
14. $ORCL $192
Buy: $140–150 Prior breakout zone with accelerating AI enterprise demand.
15. $QCOM $200
Buy: $150–160 Strong support with long-term edge AI opportunity.
16. $NOW $95
Buy: $80–85 Institutional demand zone and enterprise AI transformation support.
17. $ADBE $247
Buy: $224–235 Long-term support with massive AI productivity monetization potential.
18. $BE $42
Buy: $16–19 High-risk support zone with AI energy demand tailwinds.
19. $LITE $971
Buy: $600–650 Prior breakout zone and major AI infrastructure support.
20. $SNDK $1381
Buy: $800–900 Strong semiconductor support with rising AI storage demand.
21. $DRAM $50
Buy: $32–35 Early accumulation zone before broader AI infrastructure expansion.
If the $SPY sells off under $700 towards $650 by the end of June, I'm interested in $SPY calls for $750 June 2027 calls.
♻️RESHARE this post and make 1 comment if you want $SPY contract less then $10 to buy so you can hold it through volatility.
$SPY 3 different routes, one ultimate destination. That’s how I see the price action for the next 2-4 weeks.
1- A move up towards 660-663, followed by a move down all the way to 631 minimum.
2- A stronger move up towards 666-672, followed by a move down all the way to 631 minimum.
3- No more room for a move up and the path to 631 minimum starts immediately from here.
Obviously the drop to 631 doesn’t necessarily have to be in a straight line, wherever it starts going down, although that’s possible, for sure.
$SPY Despite losing the 50 weekly sma I still think we are close to a short term bottom. After the rally however, price will drop to make a new low.
The maximum price can reach on this leg down is the 612-610 support in my opinion (38.20% fib), and that’s only if it can lose 625 (65 weekly sma). Often not always, it acts as support following the loss of the 50. I added pictures that shows how it acted as support before (look at the white line on the weekly charts).
Perhaps if price actually loses 625 (65 weekly sma), it’ll drop to 612-610, find support there, get back up to close above 625 on the week, and then rip back to 642-645 or even higher. I’ll be watching these levels if we get to them and i will scale back in calls if they hold. The ideal long is around 615 though.
Again, this is not a bullish call for a new ath. Just a corrective bounce that will reach at least 642 before resuming lower.
$SPY I’m still viewing this as a downtrend. I’m expecting a bounce, not a reversal.
Scenarios from here:
1- Bounce into 656-660, rejection, then a continuation lower.
2- Push into 669–676 (ideal), strongest short zone. This one can extend to 682-83 where I’ll add heavier shorts.
3- Weak bounce to 652-655 / chop, then bleed lower
4- Straight breakdown from here is possible, but least likely. Price needs to close below 642 on the weekly to trigger it.
This correction can get uglier, and I believe the worst is still ahead of us. However, I tend to lean towards a deceiving corrective bounce before the next leg down, as long as we close above 642 on the weekly.
642 is around the 50 weekly sma, and it’s also the 23.60% fib retracement level from the all time highs. I don’t think it’ll break easily. Historically the 50 weekly sma acts as a very strong support. Once price starts closing below it, all hell break loose, but it doesn’t close below it easily though, even if it wicks below temporarily. It’s all about the close. We also saw how strongly price reacted near it twice this week alone, so that tells you how important it is.
Tomorrow’s close is important and I think we can get decent trade opportunities in either directions. Let’s see how the market opens and have a goodnight 😴
Feedback from my posts can be interesting:
Bulls are angry I’m bearish.
Bears say I’m not bearish enough.
My takeaway:
More downside ahead — but a cyclical correction, not a secular bear market.
$SPY I’m out of all puts. 75% gain 🎯🎯Shorted from 682 to 661.50. My final target is 660 but I front run entries and exits by less than a dollar so I’m back to all cash.
Hope you all made money following me and didn’t rush to buy calls like my entire feed did yesterday. The streak continues 🔥🔥