$SPY $SPX
Market wants to break out and much higher into the end of the year! Looks like 2026 was also not for the bears and they have been grilled and sent back to hibernation over and over again.
Q4 is one of the strongest Quarters in mid term years and usually tech starts eating hard late October-Early November until Mid January.
Now sticking to the levels, We had two ISLAND bull gaps opened last Monday and the shenanigans on the market into Thursday filled one ISLAND bull gap and bounced with a follow through Friday reclaimed the break out never lost the 9EMA and held well over the trendline.
775 breaks this week 780 and ATHs are brewing.
$QQQ leading this leg while
$IWM has been extremely weak. Overall market looks healthy and any shenanigans to the downside 760 is BUY THE DIP zone. I do not see the market fall under 760 currently.
$MU earnings coming up this week and there has been a
$DRAM 600k bet that a whale has on the calls.
$MU can see 1300 and
$SNDK over 200.
$SKHY is another one you want to keep an eye out for a break over 200 opens 220+.
#Bitcoin is flagging after the move last week and 89000 being the next level higher.
TRADE IDEA OF THE WEEK:
$LLY Video has been posted on Instagram!
Hit the ❤️ and repost if you like my analysis