$S&P 500(.SPX)$ made a 80 pt reversal back to the upside today after dropping near 7670. There was so much doom and gloom yesterday. The only trade to take was the upside today on the gap down. If SPX reclaims 7800 by next week.. Bears are in trouble. SPX to 8000 once Trump announces The Iran was is Over and the Straight of Hormuz is OPEN.... Be patient, its coming.
AMD dropped to 530 and closed at 562 today. AMD to 600 can come in early November.
$Micron Technology(MU)$ dropped to 858 and closed at 931.... Even $SanDisk Corp.(SNDK)$ rallied 100+ from the lows. Tomorrow is a buy the dip scenario as long as $SPX holds 7700 and $Invesco QQQ(QQQ)$ can hold 722.
Don't let the bears scare you. We're only about 25% of the way into this AI cycle. There's lots of runway left. Good luck tmrw everyone!! đŤĄ
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