NVDA Trap Risk, $MU Correction, $ENPH Bull Signal While $SPY Eyes 660 Resistance

1. $NVIDIA(NVDA)$

$NVDA had a strong bounce today.

I sold all my shares last month and I am not touching it yet.

Here is why I think this bounce is a trap and why $140 is still on the table.

Plus exactly what needs to happen for me to turn bullish again.

2. $Micron Technology(MU)$

Called the $MU top last month

Down over 30% since.

Now the real question is when do you buy it back.

Not every pullback is a buying opportunity.

3. $Enphase Energy(ENPH)$

$ENPH just triggered a bull cycle alert. 🔔

This signal fires rarely.

When it does 50% of the time price rallies 100% to 400% over the next one to two years.

I started a position today.

4. $SPDR S&P 500 ETF Trust(SPY)$

$SPY is up to start the session.

As always, we stick to the system.

Best case scenario is a push back to around $660 where old support could flip into resistance and trigger a rejection.

As long as the monthly BX stays red I expect price to continue selling off toward the $620 to $600 range.

A single headline can change the pace of that move at any time so we stick to the process.


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