skippix
10-02 14:13

$SanDisk Corp.(SNDK)$ SPX tried to break lower today but managed to close +14 after backtesting the previous ATH at 7620. QQQ also held near 736 and closed at 742. We've seen a 4+ month consolidation in the Nasdaq, so it feels like just a matter of time before QQQ breaks out to 770. Trump can drop news at any moment that the Iran war is over, and once that happens SPX can run 200 fast with QQQ up 40+ during Q4.

MU closed up 32. Through 1100 we can see 1150+, and SNDK to 1900 comes into play once it gets through 1800. AMZN has been basing for 2 months — if it holds above 247 it can run to 260 by the end of October.

Let's see if Tech/Chip stocks can finally get their breakout in the next 1-2 weeks.

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