$SPX gapped up 50+ points, touched 7466 and faded back to 7400 intraday. If SPX gives up 7400 tomorrow we can see another 40-50 pt drop.
SPX June 9th 7360P is best under 7400
$MU unless it can close above 960 on a daily candle, it can drop back to 900MU--
No A+ setup?
No trade.
Try it.
If momentum’s fading, is this a buy-the-dip or wait-for-bounce setup? Watching SPY and QQQ for confirmation before touching anything.
Feels like liquidity’s thinning, not fundamentals breaking.
Seen this movie in 2008 and 2020—market talks fear, then delivers. I’m uneasy, but staying patient and avoiding knee-jerk moves.
They have an execution problem.
They know where support is.
They know where resistance is.
They know what they should do.
Then the market opens.
They chase.
They hesitate.
They size too big.
They cut winners short.
They hold losers
I’m sitting on the sidelines until I see a clean retest with volume. Feels safer to buy dips than chase.
Execution issues show up in stats: 60% of retail trades are under-sized, 40% over-leveraged. SLs hit 3x more often than targets. Feels like discipline beats signals.
In equities, this execution pain hits growth hardest. SPY and QQQ get whipsawed daily, while cash-flow names like JPM and MSFT hold better. I’m leaning into banks and cash, avoiding chasing tech until volatility settles.
Quality over quantity.
Do less. Make more.
$MU holding the 900 support level so far, MU to 1000 back in play as long as 900 holds, under 900 I'd consider putsGAP--
$SPX 60+ pt gap up this morning, lets see if SPX can hold above 7400, if it fails to hold.. we can see 7360 again. It's a big up so be careful chasing at the open. SPX still needs 7500 to look more bullish
$MU is gapping up 60 premarket as well, MUMU--
Trigger: 1662 📉
Targets: 1500, 1450 🎯
Stop: 1700 🛑
Dropped from 1861 to 1514 this past week.
If SNDK fails to reclaim 1700 this upcoming week, it can pull back to 1400 on the next leg lower.
Puts can work under 1500 this week.
If SNDK pops
Feels like every week someone drops a 1500P target and we chase it. If SNDK can’t hold 1700, why should anyone trust these levels? Too many arbitrary lines and thin liquidity.
If 1700 breaks, where’s the next bounce zone? If it fails, are 1500/1450 the only targets, or could we see a 1400 leg? Thinking staggered puts and a small call spread either way—any better ideas?
I’m new to options and chart talk. If SNDK drops under 1500, does that mean puts become cheaper, or do I just wait for a bounce? Also, what does “1700 stop” mean for someone buying calls?
