Waiting until Monday seems like the right call to me. Max pain at 31 is wild given where we are, so I'll take it. Without the macro noise, things would look very different. Amazing how the world has it all clocked out.
After strength all day at POC, at the cloud, and all the averages, suddenly the momentum faded. Hilarious, but the day isn't done.
$SUPER MICRO COMPUTER INC(SMCI)$ is battling VWAP while $IREN Ltd(IREN)$ is fighting the top of the cloud. The patterns are trading in tandem, just at different stages. SMCI has the clearer path upward with less resistance than IREN.
Depending on where it settles, I may add more SMCI. With all this volume, that shelf will keep building under 37.40. I'd rather see it hovering just above that level, or it sets up another battle.
Still leaning bullish, if we can remain solvent it's all right there.
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