WHOEVER IS SHORTING $MU AND $SNDK IS ABSOLUTELY SCREWED.
LIKE I SAID BEFORE, NO ONE CAN ALWAYS WIN BY SHORTING US STOCKS.
SHORTING US STOCKS WON'T MAKE YOU LOOK SMART.
IT ONLY MAKES YOU LOOK STUPID.
DON'T FIGHT THE TREND!
$GOOGL filled the gap between $356 and $365 after a two-week pullback.
No reversal signal yet.
$340 is the next key support level. Holding above keeps the structure intact. Failure to hold opens the door to a deeper leg down.
On the fundamental side, SpaceX ($SPCX) IPOs today with Google holding roughly 7%.
Potential catalyst, but technicals still need to confirm before making a move.
$AMD a giant green candle on the daily chart defended the $487 support level yesterday, avoiding a deeper breakdown.
Price closed right above $487, keeping the short-term structure intact.
$513 is the next resistance to clear.
The longer-term target remains $616, the level where AMD hits $1T market cap.
$SPCX IPO day: can you buy it? Yes, but price matters.
History shows most major tech IPOs do trade above their issue price over time. The problem is never the stock. The problem is the person holding it.
IPO is priced around $135. If you chase it at $300 on day one and it dips back down, are you still holding? Or are you panic selling at the bottom and locking in a loss?
That's how you turn a good trade into a bad one.
Buy it if you believe in the long-term story.
But if you're going to bail the moment it drops, don't bother.
$TSLA 9/21 MA bullish cross confirmed on the weekly chart, but bulls and bears are fighting hard for control with no clear winner yet.
The weekly structure is constructive, yet price action remains indecisive at current levels.
$398 and $417 (if possible) are the key level to watch for this week's close.
Watching closely.
$MU 9/21 MA bullish cross confirmed on the 1H chart, with the 4H chart following suit.
A giant green candle just printed on the 4H, and the 9/21 MA bullish cross is forming on that timeframe as well.
Two timeframes aligning is an encouraging sign for a short-term reversal.
Watching the 1H closely for follow-through.
A sustained move above current levels with volume would open the door to the next resistance zone.
$MU stuck in the $860β$960 range, unable to commit either way.
Multiple failed breakout attempts on the 1H chart.
Mid-term signals still moderate, makes it genuinely hard to call whether we push through $960 or roll back down.
This isn't a narrative collapse, just consolidation.
Not forcing anything here.
Patience is the key.
$NVDA BOLL lower band continues to guide the price action and finally printed a green candle after a dip in the last four weeks.
Price is currently holding around the $200 psychological support level, a critical line to watch.
MACD remains deep in negative territory at -5.084 with no bullish cross in sight, and RSI at 45 has room to drop further before reaching oversold levels.
The descending channel structure keeps the bear case intact.
A failure to hold $200 opens the door to $190 next.
No reversal signal yet.
$SNDK is pringting a doji on the weekly chart as bulls and bears fought for control.
RSI still holding above 75, buyers clearly not backing down yet.
Price action this week notably stronger than $MU.
$AMD daily chart showing clear signs of short-term weakness.
MACD bearish cross confirmed. Price has already broken below the 78.6% and 61.8% Fib levels. Currently testing the 50% retracement at $469.
Closing the week above $469 would be an encouraging sign. Failure to hold opens the door to $451 next.
Not a trend reversal, just a healthy pullback within a strong uptrend.
Weekly structure still intact.
$META has broken below the 23.6% Fib retracement at $583. Next major support is back at the $520 low.
9/21 MA bearish cross confirmed. MACD bearish cross still in play with no signs of convergence. Death cross on the 50/200 MA with no reversal signal in sight.
Multiple bearish signals aligned across timeframes.
Hard to make a bull case here until $520 holds and something changes.
Watching from the sidelines for now.
$SPY forming a 9/21 MA bearish cross on the daily.
MACD still trending down, RSI not yet oversold.
$713 and $703 are the next key Fib levels to watch.
No signs of reversal yet. Stay cautious.
$MU stuck in the $860β$960 range, unable to commit either way.
Multiple failed breakout attempts on the 1H chart.
Mid-term signals still moderate, makes it genuinely hard to call whether we push through $960 or roll back down.
This isn't a narrative collapse, just consolidation.
Not forcing anything here.
Patience is the key.
$NVDA uptrend momentum is clearly fading on the daily chart.
The $165-$195 range served as a long consolidation zone since July 2025. A pullback back into that range is becoming a real possibility.
Not calling a trend reversal, but the risk of revisiting $195 and below is hard to ignore right now.
Watching closely.
$PLTR testing $130 support for the third time.
Multiple retests without a strong bounce is a warning sign.
A breakdown here opens the door to significantly lower levels.
$IREN testing the lower trendline of its ascending channel.
MACD on the weekly has formed a bearish cross.
A breakdown of this channel remains possible.
$MU repeatedly failed to break above $950, showing signs of psychological resistance.
Keep a close eye on the 1H chart for an early confirmation of a potential reversal.
While the price is currently holding well at $927, a confirmed close above this level is essential to keep the ascending channel intact.
In just three days, $SPY completely erased the entire May 6th rally.
If we close $927, expect further short-term downside.
The market is holding its breath for CPI tomorrow.
The market is currently playing defense, largely shaken by last Fridayβs blowout jobs report.
The fear is clear: a strong labor market paired with rising energy costs means a higher risk of an inflation overshoot.
Wall Street consensus projects Headline CPI to jump to 4.2% YoY and Core CPI to tick up to 2.9% YoY.
If the data confirms these sticky inflation fears, expect rate cut expectations for the rest of the year to be severely re-priced.
I may spend the next few days preparing my YouTube channel, so here's a quick update on some names:
$SPY: Be very careful of the potential 9/21 MA bearish cross on daily chart. We may see a mild dip in the next two weeks if a reversal doesn't happen this week. And yes, the SpaceX IPO won't be able to pull the whole market up.
The market is panicking that the Fed will raise interest rates. But this price action just makes no senseβ¦
$MU: A bearish trend has formed on the 4H chart, so the key defense level will still be around $910β$927. Otherwise, we may see a dip to $880 or even $820.
$AMD: The setup on the weekly chart still looks fine and is holding well. But it will require a new catalyst for AMD to reach $1T market cap. The price will be around $616.
$ORCL and $META: 9/21 MA bearish cross on the monthly chart. Every breakout will just be a bull trap in the next two or three months. Both are lagging on AI commercialization. But Oracle may have a better earnings results in 2028.
$AAPL: Not surprised, as it has broken out of a multi-year ascending channel. A dip is inevitable.
In a market like today's, forcing trades is a losing strategy. It's incredibly difficult to squeeze out any gains.
Everyone is experiencing the exact same choppy price action, unless you're a nimble day trader flipping short-dated options.
Don't overtrade. Stay calm. The market isn't about to crash.