6/24/26 Recap

I’m sending this out a tad early, I wanted you to have a link before I left. I’m taking my mother in for a procedure now so I will be out the rest of the afternoon but the database will continue getting populated as I have help now keeping things going when I step out.

The SPY remains in no man’s land right here, everything hinges on what Micron reports this afternoon. Either Micron reignites this market and we reclaim the 21 ema overhead or we’re going to lose that 50 day we’re sitting on right now and open the door to a move lower at possibly the 100 day. With Micron we know the story, they’re sold out for a long time, they are hiking prices, but for a good earnings reaction you need a surprise and that is a tall task for something that has run as hard as MU has but we will see what the call brings. If we do end up gapping down below the 50 day tomorrow you really do not want to be a hero and buy calls in the morning, obviously a dip can be short lived but anytime you’re below the 50 day real technical damage is beginning to unfold and at that point you’re better off waiting for a reclaim of the 50 before you begin to really start using calls.

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