TRADE PLAN For LOTTO Friday 📈
Alright we are in the extreme fear category BUT no real panic yet. There's still lots of pressure on Semiconductor and AI related stocks. I think we see one more flush before FOMC next Wednesday before we start to carve out a bottom. The fact that $Invesco QQQ(QQQ)$ broke under last Friday's lows is not a good sign for tech.
$Invesco QQQ(QQQ)$ under 700 we can see 693,685 next. $SPX to 7500 in play if it breaks under 7620 as well.
Tread lightly and make sure you're not going all in BEFORE FOMC. That's how you get cooked.
$VanEck Semiconductor ETF(SMH)$ can drop to 500 on the next leg lower, this is most likely where a short term bottom will form.
$NEBIUS(NBIS)$ 145 is the prime buy zone if it drops there next week.
$SanDisk Corp.(SNDK)$ if they flush this one more time we can see 1000 before midterm elections.
It's a risk off environment until after FOMC. I've been saying this since last week. Survive a bit longer we're getting closer to a bottom. 🫡
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