$SPDR S&P 500 ETF Trust(SPY)$ GLD.XSLV.XDXYDaily Below avg. trade size retail = yellow candles Above avg. trade size pros = white candles Bullish divergence = green dot Bearish divergence = red dots Exhaustion = yellow dots Flush = purple dots 10 ema = silver line 30 ema = red line 200 ema = aqua line Over the $101.314 6/24 high is a successful 30 ema retest that keeps gold & silver under pressure.
This fear looks likely to be short lived, unless market breadth starts deteriorating, which it isn't right now. In fact, breadth looks great. A rotation out of bloated tech could keep the year-long rally going. That could change, but for now I don't see this as anything other than a dip or correction. $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard S&P 500 ETF(VOO)$ $Invesco S&P 500 Equal Weight ETF(RSP)$
$SanDisk Corp.(SNDK)$ Sandisk should have no trouble moving past $1,800 to $2,000+. Our official consensus target is now at $2,500+ as the AI era gets underway.
$SanDisk Corp.(SNDK)$ The current price looks like an early Halloween treat. Shorting under $1,300 seems like a setup to get tricked. It traded at $1,906 on 9/22 before the FUD around CXMT started. I think it gets back above $1,700 by the earnings report on 10/29, with record earnings and an additional stock buyback to be announced. I'm covering and going long.
$SPDR S&P 500 ETF Trust(SPY)$ You could see how the AI would play it — squeeze to the POC, lock in gains, jump into puts, rug pull, quick scalps. The AI is quick.
$SanDisk Corp.(SNDK)$ The current price looks like an early Halloween treat. Anyone selling or shorting under $1,300 is getting tricked. It traded at $1,906 on 9/22 before the FUD around CXMT started. I think it could get back above $1,700 by the earnings report on 10/29. Record earnings and an additional stock buyback are still to be announced.
$SPDR S&P 500 ETF Trust(SPY)$ Probably time for a market bounce this week. VIX touched the top of the range. I'm buying the dip. Earnings season is upon us.
$Serve Robotics Inc.(SERV)$ Looking at the open interest on those 2028 $3 calls... yeah, about 50% of that is mine. $SPDR S&P 500 ETF Trust(SPY)$ you see those Nov 777 calls? That's me too, I have around 2% of the open interest there.
$SanDisk Corp.(SNDK)$ For anyone holding shares at a higher price, this looks like a reasonable time to average down. Shorts have substantially oversold it with the earnings report approaching on 10/29. The stock traded above $1,900 less than a month ago. I'm expecting record revenue and profits, along with an additional share buyback announcement. News should be coming.