$Invesco QQQ(QQQ)$ Would you believe me if I said the top isn't in until 800 to 850? We likely won't see a sharp downturn until late 2026 to mid-2027. Just like during the 2022 drop, that lower channel from pre-2020 probably won't be touched or tested.
$Tesla Motors(TSLA)$ Structure still looks constructive here. Buyers keep defending the rising trendline and the 50 EMA. Last week's spinning top indicates hesitation, not a breakdown. The pattern of higher lows remains intact, showing dip buyers are active. Bears have tried a few times to push it lower, but nothing has stuck. Key level to watch: a break above the triangle resistance could lead to the next leg higher. As long as support holds, the trend stays tilted upward.
$Invesco QQQ(QQQ)$ BitMine's new preferred stock, BMNP, is expected to start trading on the NYSE this Tuesday (June 16). The offering could raise up to $300 million while paying a 9.5% annual dividend. ✅ More capital for ETH.X purchases and staking ✅ Less dilution than issuing more common shares ✅ Signals institutional demand and confidence in the ETH treasury strategy ⚠️ Preferred shareholders get priority over common shareholders, and the dividend is an ongoing obligation. Bottom line: This looks like a net positive for Bitmine. The company gains access to significant capital for its ETH strategy while limiting common share dilution. The key question now is whether management can generate returns on that $300 million that exceed the 9.5% div