Economy | Geopolitical
Street trap continued — with a sizeable gap and run on SMH —> after closing near lows on Friday
QQQ
8pm Briefing: Resistance on first bounce ~721–725 —> day high ~723
—> lots of inside days
15 min chart:
Rally back to 15 min Kumo, close below Kijun —> ~713 micro support into tomorrow
SMH
Last nights 2H chart:
Today’s 2H chart:
Gapped to first bounce target and tagged ~605 upper target
—> look for consolidation between rising 2H Kumo and ~605 | ~588 support
BTC
Attempting to base around ~64K
—> needs to reclaim 66-67K breakdown line to start rebuild of support
Daily chart:
TSLA
Like a number AI / Tech names —> air pocket open to upside after Friday breakdown | inside day
System target entry zone — ~380 —> unless confirmation at higher levels
Inflection / resistance zone ~414–418
Daily chart:
Calendar
CPI Wednesday —> tape more vulnerable to headline ‘miss’
Active Position
NKE
Uptick +0.25
Key resistance — ~44.50
Execution Plan — hold July 45C core | June hedge
LULU (common)
+2.9% follow-thru on strong 2-day volume
Back to just below System 120 entry — on watch for renewed strength
Daily chart:
Execution Plan —> holding common
Watch list | Notables
TSLA
GLD | NUGT
Muted bounce —> cautiously into CPI report
—> Kijun | trend line convergence now at ~415
System to remain on watch for reversal / entry
Daily chart:
System Insight
AI trade likely to enter wider trading range vs rally back to extremes.