Pinkspider
07-01 12:33

TRADE PLAN for Wednesday 📈

$SPX closed right near the 7500 resistance. It looks like SPX new all time highs in play in July if it can breakout above 7500.

SPX July 1 7530C can work above 7500

$SNDK 2500 coming, massive move today.. up 200+ points.. $MU next if it can get through 1160+.

MU July 2 1250C can work above 1160

$QQQ winding up for all time highs at 748.. We should see QQQ 800 and SPX 8000 on the next leg higher in the market.

Micron Plunges 10%! Is Memory Now Overvalued?
Micron tumbled 10.6%, with SanDisk dropping 10.6% and memory ETF DRAM falling 10.8%, as the red-hot storage supercycle narrative reversed sharply in a single session. Trump had just days ago called Micron 'the hottest company in the world,' yet markets responded with a 10%-plus selloff, compounded by concerns over Meta's in-house cloud buildout curbing external compute demand. Is this a bull-market washout, or a topping signal?
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