I think for QQQ we retrace up tomorrow to the 485 level then reject and drop back down.
My bullish case is if it breaks above 485 we head to 488.
A break above 488 we fill the 496 gap by end of the next week.
To confirm a true down trend in the short term we need to break 480 level.
If we form a new high we could see qqq head to 495 by next week. If we reject off the 491 area we can drop back down to 487-488 level. Then if this happens an we see a bullish reaction at this level I say we push back up towards 491 an break past to 495. A true short term bearish structure to occur we must see a break below 483.
I Think SPY will GAP DOWN TOMORROW THEN PUSH UP WE FAIL TO CLOSE ABOVE 549.10 WHICH WAS WHEN STRUCTURE BROKE LAST FRIDAY ON THE 28TH SPY REJECTED AT 550 THEN DROPPED TO 544 Then went Back an closed right below 549.10 a key level.
I like AMD to push up to the 160 level then reject and fall to 153.60-70 area for puts.
I like AMD calls if we break above 160.80 and hold this level to push towards 166.40 area If we hit the 166 area and reject I think we drop back down to 156
If Spy can break above 547 with volume I think we can push to 550 level but if we reject from there I think by the end of the next week we fill the 536 gap.
Spy has been in a range since 06/20 I expect tomorrow we pick a direction. A break above 546.40 we may see a new high. A break below 544.60 we see 542.
Nio has been on a down trend this past year. if it breaks past 20.7 could signal a reversal for a bull run. If resistance holds up a bounce to the downside to the 18.00 area. If supports holds up at 18 look for calls
20.7 for a PUT 06/10
18.00 FOR A CALL 06/10
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