$spy 2day timeframe is the only one I care about. It's held ema13 ever since the April bottom. Until that changes I can't be a bear. It is possible that changes today if the lows of yesterday break.
Two scenarios here: #1 market is selling off, anticipating Powell won’t commit to a Sept rate cut on Friday.
#2 Friday will be a huge short squeeze as all the selling is coming from hedges on low volume this week.
$nvda lost daily ema13 for the first time since the April dump. This isn't the dip to be buying. Weekly and probably monthly consolidation underway. Seasonality is here $spy
You give me a gap up open on $SPY tomorrow with $BTC acting the way it is and I'm going short. The #quantum and #uranium sectors look like the best short opportunities. $IONQ $QUBT $OKLO $SMR
Last four days $gme has closed above ema13. Good short term sign and you could call the last couple weeks on the daily chart a rising triangle to some degree. I'd like to see a close above 23 for more conviction.
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