BREAKING: Copper futures surge to their highest level on record, now up another +22% this year.
This puts copper prices up over +70% since January 2025.
89.5K is the bare minimum but I can easily see 92K-93K.
89.5K will be the monthly Kijun Sen in October. The price most often wicks to short term resistances which are slighly above the first key resistance, in this case this could be the weekly SSB or 2M Tenkan Sen.
$NVDA
$NVDA printed a shooting star Friday at ascending resistance, signaling rejection and weakening buyer momentum at a key technical level.
Today’s bearish engulfing candle adds strong confirmation and completes a well-defined Evening Star reversal pattern, shifting short-term momentum toward the bears.
Adding to the caution, both MACD and RSI are showing bearish divergence, suggesting momentum has been deteriorating despite the recent push higher.
This is not a candle to buy into; patience makes more sense here, allowing price to retrace into a meaningful support zone where we can look for a confirmed pivot-low reversal and a better risk/reward entry.
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$AMD $AVGO $INTC $QCOM $MU $MRVL $ARM $TSM $ASML $AMAT $LRCX $KLAC
$MU The A B C everyone should now about.
A: Failed breakdown
B. Tight consolidation
C. A ramp
Micron did that.
Palantir did that
Nebuis did that
Intel did that
Bloom Energy did that
A B C is literally the rest in peace pattern for Bears.
$SIDU At a key level 👀
Price is sitting at the 0.618 fib for subwave 2.
Next I want to see price flip the 50DMA to support providing another opportunity to add.
Wave 3 target: 360% 🚀
If you can buy something for cheaper than Pelosi- you're laughing
$VST Now 150
Pelosi bought at $180
This long term consolidation channel will break at some point. And when it does- you wanna be in it.
All eyes on the deck
$SMR
Last time the 21-week and 50-week EMA crossed we went from $8 to $50.
Currently NuScale is sitting on a support at $8 under the two EMA's in the wave 2 zone.
The wave 3 target is at $82 - $99 per share.
+750% are on the table right now.