Pinkspider
07-01 12:33

TRADE PLAN for Wednesday 📈

$SPX closed right near the 7500 resistance. It looks like SPX new all time highs in play in July if it can breakout above 7500.

SPX July 1 7530C can work above 7500

$SNDK 2500 coming, massive move today.. up 200+ points.. $MU next if it can get through 1160+.

MU July 2 1250C can work above 1160

$QQQ winding up for all time highs at 748.. We should see QQQ 800 and SPX 8000 on the next leg higher in the market.

SanDisk Plunges 14%: New Product Can't Save Memory Stocks?
SanDisk tumbled 14% despite launching its BiCS10 1Tb TLC 3D NAND chip on the same day, as the memory supercycle sell-off extended into a second consecutive session — Micron fell 5.5% and memory ETF DRAM dropped 7.9%. "Buy the rumor, sell the news" dynamics, combined with AI capex rotation triggered by jobs data, drove profit-taking across the heavily extended memory supply chain. Is this pullback a golden entry point, or the beginning of the supercycle thesis unraveling?
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