$SPDR S&P 500 ETF Trust(SPY)$ BTC.XGLD.XDXYBullish divergence shows up as green dots, exhaustion as a yellow dot, pros as white candles, the 10 EMA as a silver line, and the 200 EMA as an aqua line. After exhaustion on the 10 EMA retest followed by bullish divergence on the 200 EMA retest, a move over $99.51 would have things coiled pretty tight for recapturing the century mark.
$SUPER MICRO COMPUTER INC(SMCI)$ Dell just handed Supermicro bulls one of the strongest industry confirmations yet. Dell Q2 numbers: - Revenue $46.97B, +58% YoY - AI server revenue $16.4B, +100% - AI server orders $60.9B - AI backlog $95B - ISG revenue $31.8B, +89% Now compare that with SMCI's latest quarter: - Revenue $11.12B, about +93% YoY - GAAP gross margin 17.5% - Net income $1.18B - More than $60B in new orders during Q4 - Record backlog - FY27 revenue guidance $65B-$72B What matters here: both companies are seeing roughly $60B+ levels of fresh AI infrastructure demand. Dell's results pretty much destroy the "AI server demand is slowing" narrative. Demand is clearly accelerating across the entire ecosystem. And despite being much small
$SanDisk Corp.(SNDK)$ DELL.Dell jumped more than 30% over two trading sessions when it reported back in May. The next one should be interesting to watch.
$SPDR S&P 500 ETF Trust(SPY)$ The 2-minute chart needs to hold the 20 SMA at 766.64. If it does, there could be a bounce with a break above 766.81. Failing to hold the 20 SMA would signal possible consolidation.