solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump | Overnight Analysis โ 10/14/26
๐ด OVERSOLD, BUT AT A CRITICAL CROSSROADS
โข solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump declined again overnight, pushing deeper into oversold territory and extending below its lower Bollinger Band. I anticipated a short squeeze tonight, but it has yet to materialize. โ
โข Price has now returned to EQUALITY with the late-July 2026 correction low, effectively erasing the entire advance since then.
โข A potential DOUBLE BOTTOM is now visible. See chart.
โข Structurally, the decline appears to be an ABC corrective sequence following the June Wave 5 top.
๐ TWO POSSIBLE PATHS FROM HERE
๐ข PATH 1 โ WAVE C = WAVE A | BULLISH REVERSAL
Wave C terminates near the July Wave A low, completing a potential flat correction with a double bottom.
A positive catalyst from $TSM earnings or #PPI could ignite a powerful oversold squeeze.
This scenario preserves the possibility of solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump eventually exceeding its previous ATH during 2027โ2028.
๐ PATH 2 โ WAVE C EXTENSION | BEARISH BREAKDOWN
Wave C breaks decisively below the July Wave A low, invalidating the double-bottom thesis and opening the door to a much deeper correction.
Such a breakdown could evoke the destructive price behavior seen during the 1997 Asian Financial Crisis, particularly the October selloff.
See the BLUE downward arrow on the chart.
โ ๏ธ THE BOTTOM LINE
solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump is sitting at a major technical decision point.
The July low is the dividing line between a potential bullish reversal and an extended Wave C decline.
Respect the macro support. Watch the reaction to $TSM and #PPI. Let price confirm which path is unfolding.
Patience over prediction.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY
$SOXL ๐๐๐ ๐ญ๐ผ๐ป๐ฒ โ $๐ฒ๐ฏ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐. ๐ญ๐ฌ/๐ฏ๐ฌ/๐ฎ๐ฒ ๐ฏ
- $SOXL continues to snake its way lower, respecting the descending geometric structure with remarkable precision. See the black marks on the chart. โ
- ๐ง๐ต๐ฒ ๐ป๐ฒ๐
๐ ๐บ๐ฎ๐ท๐ผ๐ฟ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐ถ๐ $๐ฒ๐ฏ, where the projected decline intersects the long-standing descending support line.
- ๐ง๐ถ๐บ๐ฒ ๐บ๐ฒ๐ฒ๐๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ผ๐ป ๐ ๐ผ๐ป๐ฑ๐ฎ๐, ๐ญ๐ญ/๐ฌ๐ฎ. The geometry points to $63 as the preferred capitulation and potential reversal zone.
- ๐ ๐ ๐ฝ๐น๐ฎ๐ป: Look to accumulate $SOXL around $63 on Monday, provided the structure remains intact.
๐ง๐ต๐ฒ ๐ฐ๐ต๐ฎ๐ฟ๐ ๐ต๐ฎ๐ ๐ฎ ๐ฑ๐ฒ๐๐๐ถ๐ป๐ฎ๐๐ถ๐ผ๐ป. ๐ก๐ผ๐ ๐๐ฒ ๐๐ฎ๐ถ๐ ๐ณ๐ผ๐ฟ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ผ ๐ฎ๐ฟ๐ฟ๐ถ๐๐ฒ. ๐ฏ
Enjoy the weekend! โ
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
$SVIX ๐ง๐ต๐ฒ ๐๐ถ๐ป๐ฎ๐น ๐๐ถ๐ป๐ฒ ๐ผ๐ณ ๐๐ฒ๐ณ๐ฒ๐ป๐๐ฒ. ๐ญ๐ฌ/๐ฏ๐ฌ/๐ฎ๐ฒ
- $23 is the final support line for today's relentless decline and a potential capitulation level. See the three black dots marking the descending support structure. ๐ฏ
- The wedge is anything but friendly. It is descending, structurally bearish, and, more importantly, does NOT terminate here. Its geometry points to continued downside risk into next week.
- I warned of a major decline three days ago for today. Today's selloff validated that call, but the magnitude of the move has exceeded even my expectations.
- The critical question now: Will $23 produce a capitulation reversal, or will the descending wedge continue to dictate the path of least resistance?
๐ง๐ต๐ฒ ๐ด๐ฒ๐ผ๐บ๐ฒ๐๐ฟ๐ ๐ถ๐ ๐ป๐ผ๐ ๐ฑ๐ผ๐ป๐ฒ ๐๐ฎ๐น๐ธ๐ถ๐ป๐ด. โ ๏ธ
Look for an end of day wick on funds rebalancing if SVIX hits $23 or the mid-range of the bottom band.
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$SOXL Two Lines Competing for your money $73 and $63.
See the pic. Note the marks.
10/30 was a day I warned against 3 days ago when the bearish thesis restarted.
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$SPY & WARSH'S MEETING โ THE PRICE CHART SPEAKS. 10/28/26
๐น ๐๐๐ ๐๐/๐๐/๐๐ ๐๐๐๐๐๐๐๐
They chose a remarkably symmetrical date for Warsh's meeting: 10/(2+8)/(2+0+2+6) = ๐๐/๐๐/๐๐. Coincidence? This means something to my long-term readersโ
๐น ๐๐๐ ๐๐๐๐๐ โ ๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐
$SPY is approaching the terminal point of an important wedge, where two critical price rays converge. See the chart.
Such compression often precedes a significant expansion in volatility. The question is no longer whether a move is coming, but ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐?
The geometry highlights ๐
๐ซ๐ข๐๐๐ฒ, ๐๐/๐๐/๐๐, as a critical potential reversal date, coinciding with rising $VIX premium ahead of the midterm elections. โ
๐น ๐๐๐๐๐ ๐๐๐ ๐
๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐
$TLT is turning lower while yields catch a bid, potentially pricing in anxiety that equities have yet to acknowledge.
Two unfilled downside gaps remain on $TLT, extending toward $78. A move to close them could exert material pressure on $SPY into next week.
And #WTI? ๐๐ก๐๐ฆ! ๐
๐น ๐๐๐๐๐๐๐๐๐๐๐๐๐๐ โ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐?
$SOXL has surged ๐๐% since my bottom call. An extraordinary recovery!
Meanwhile, $DRAM reached its 21-SMA resistance today.
Together, these developments favor a healthy pullback and retest before the next sustainable advance.
๐น ๐๐๐ ๐๐๐ ๐๐๐ โ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐ โ ๏ธ
This is arguably the most important warning on the chart.
The ๐๐-๐๐๐ > ๐-๐๐๐ configuration remains intact, a bearish trend misalignment that has historically accompanied sudden $SPY declines.
Earlier today, $SPY challenged its 20-SMA while the underlying short-term trend remained unhealthy.
๐๐ซ๐ฌ. ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐ฅ๐ข๐ค๐ ๐ฎ๐ง๐๐ข๐ง๐ข๐ฌ๐ก๐๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ.
She has traveled too far, too fast, leaving unfinished price structure behind. Before the next meaningful advance, the market may need to revisit what it left behind.
๐ฏ ๐๐๐๐๐๐ ๐๐๐๐: The wedge, bond yields, semiconductor exhaustion, rising volatility premium, and moving-average misalignment are converging around a critical time window.
๐๐ก๐ ๐ ๐๐จ๐ฆ๐๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐ฌ๐ฉ๐๐๐ค๐ข๐ง๐ . ๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฆ๐ฎ๐ฌ๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ.
๐ Additional drivers, price levels, and supporting analysis are available to members in today's ๐๐จ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐, linked in the first comment below.
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$SPY The Wedge Has Broken โ A Short-term Correction Into the Midterms? 10/29/26
๐น The Cyan Wedge: Since the October 23 bottom, $SPY has climbed along the rising cyan (blue) support line, repeatedly testing the upper resistance boundary. Yesterday, I warned that the wedge was approaching its end and a breakdown was imminent. That breakdown has now materialized. โ
๐ด Weakness Confirmed: I've extended the upper resistance line in red. Notice how price can no longer reach it. Meanwhile, successive lower lows are developing along the descending red support line, creating a broadening formation with potential for further limited downside for now.
๐ก The $MSFT Earnings Trap: Yesterday's after-hours wick showed impressive seller absorption following Microsoft's earnings. But that strength proved temporary. $MSFT has since reversed, trading red this morning alongside broader $QQQ weakness.
๐ The Midterm Correction: My prevailing outlook is that $SPY has entered a corrective phase heading into the November 3 midterm elections. A rising $VIX volatility premium ahead of the election provides a natural backdrop for additional selling pressure. I expect tomorrow ahead of the weekend as a higher $VIX day.
๐ข November 4 โ The Bullish Reset: I expect bullish momentum to reemerge after the elections, as political uncertainty clears and the election-related volatility premium begins to unwind. This is absent any @realDonaldTrump Temper Tantrum.
The wedge has spoken. The correction is underway. November 4 is the date to watch. See the yellow, green marks for resistance / support points.
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$GS Goldman Sachs at the 21-SMA โ A Critical Support Test for $DJI. 10/30/26
- $GS is arriving at its rising 21-SMA, converging with an important ascending trendline. See purple mark. โ
- This is a critical support level to defend if the Dow Jones is to maintain its bullish structure.
- As one of the Dow's largest price-weighted components, $GS carries significant influence over $DJI's direction.
- A successful defense and reversal higher in $GS could help stabilize the Dow and provide the foundation for its next advance.
Bottom line: Watch $GS closely. This is more than an individual stock testing support โ it's a heavyweight defending a key pillar of the Dow. โ
$DJI $GS $DIA $UDOW
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$SPX ๐ข๐บ๐ถ๐ป๐ผ๐๐ ๐ฃ๐ฟ๐ฒ-๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐๐ โ ๐ญ๐ฌ/๐ฏ๐ฌ/๐ฎ๐ฒ โ ๏ธ
The options market is flashing warning signals.
๐ป See the unusual options activity below, with sizable premiums targeting the 7,4xx zone on $SPX โ potentially positioning for a sharp downside dislocation or flash crash.
โ ๏ธ Important: These trades do NOT establish a base-case scenario. They may reflect speculative bets, hedging, or protective positioning.
Nevertheless, the magnitude and timing warrant attention.
Source: @CheddarFlow
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$SPY ๐ฃ๐ฟ๐ฒ-๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ฒ๐ผ๐บ๐ฒ๐๐ฟ๐ ๐ฆ๐๐ถ๐น๐น ๐๐ฎ๐๐ผ๐ฟ๐ ๐๐ต๐ฒ ๐๐๐น๐น๐. ๐ญ๐ฌ/๐ฏ๐ฌ/๐ฎ๐ฒ
- Despite the pre-market corrective turbulence, the underlying bullish geometry remains intact. See two lines in picture.
- The pullback has not invalidated the rising channel. The structure is bending, not breaking.
- A modest push higher would reclaim the dashed trendline, completing a tilted cup formation within the broader ascending channel.
- The key distinction: Price volatility is not structural deterioration. Until the geometry breaks, the bullish roadmap remains in play.
๐ง๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐ป๐ผ๐ถ๐๐, ๐ฏ๐๐ ๐๐ต๐ฒ ๐ด๐ฒ๐ผ๐บ๐ฒ๐๐ฟ๐ ๐ถ๐ ๐๐๐ถ๐น๐น ๐๐ฝ๐ฒ๐ฎ๐ธ๐ถ๐ป๐ด. If you buy pre-market, you're buying at rock bottom support, best entry โ
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$SOXX ๐ง๐ต๐ฒ ๐๐ผ๐๐ฏ๐น๐ฒ-๐๐ผ๐๐๐ผ๐บ ๐ง๐ฒ๐๐ โ ๐๐ผ๐น๐ฑ $๐ฐ๐ด๐ฏ! 10/29/26
๐ก ๐ง๐๐ผ ๐ฆ๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ถ๐ป๐ฒ๐. ๐ข๐ป๐ฒ ๐๐ฟ๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐๐ฎ๐๐๐น๐ฒ.
Last week, $SOXX broke below the rising red wedge support (blue marks), but the long-term black trendline (yellow marks) held firm. That confluence sparked a powerful rebound.
The recovery ran into resistance before reversing today as $INTC and $NVDA weakened.
๐ก ๐ก๐ผ๐ ๐๐ฒ'๐ฟ๐ฒ ๐ฏ๐ฎ๐ฐ๐ธ ๐ฎ๐ ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ ๐ฏ๐ฎ๐๐๐น๐ฒ๐ด๐ฟ๐ผ๐๐ป๐ฑ. Price is retesting the long-term black support and the lower boundary of the red wedge, potentially carving out a double bottom.
๐ด $๐ฐ๐ด๐ฏ ๐๐ฆ ๐ง๐๐ ๐๐๐ก๐ ๐๐ก ๐ง๐๐ ๐ฆ๐๐ก๐. An overnight dip is tolerable, but tomorrow's session must reclaim the black trendline and reenter the red wedge support zone to preserve the bullish structure. At least close above the yellow marks.
๐ข ๐ง๐ต๐ฒ ๐๐๐น๐น๐ถ๐๐ต ๐๐ฎ๐๐ฒ: A successful second defense of this support confluence could launch a more aggressive upside impulse, potentially carrying $SOXX toward the upper boundary of the red wedge.
๐ง๐ต๐ฒ ๐ณ๐ถ๐ฟ๐๐ ๐๐ฒ๐๐ ๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ฒ๐ฑ ๐ฎ 12% one week ๐ฟ๐ฎ๐น๐น๐. ๐ง๐ต๐ฒ ๐๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐ฐ๐ผ๐๐น๐ฑ ๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ฒ ๐ฎ๐ป ๐ถ๐บ๐ฝ๐๐น๐๐ฒ.
Watch $483. Lose this support decisively, and the bullish thesis weakens considerably.
Is the market crashing? Look at $RSP $ITA etc closing near multi-week highs. Look at A/D lines rising on down days. No, the heavyweights are masking the rotation.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY
$AMZN ๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ โ 10/29/26 โ ๏ธโ ๏ธ
๐ด ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ถ๐ฎ๐: ๐ณ๐ฌ% ๐ฃ๐ฟ๐ผ๐ฏ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐
I am ๐ป๐ผ๐ ๐ฐ๐ผ๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐๐ฒ on the $AMZN chart heading into earnings.
My geometric and technical evaluation suggests a ๐ณ๐ฌ% ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ. Watch the video below for the complete geometric breakdown and supporting rationale.
๐ ๐๐ผ๐ฟ๐ฑ ๐ผ๐ณ ๐ฐ๐ฎ๐๐๐ถ๐ผ๐ป: Please don't abandon a high-conviction position simply because my analysis differs from yours. I recognize that many investors are bullish on $AMZN, but I believe the risks deserve to be highlighted.
๐ ๐ง๐๐ฟ๐ป ๐๐ฝ ๐๐ต๐ฒ ๐๐ผ๐น๐๐บ๐ฒ ๐ฎ๐ป๐ฑ ๐๐ฎ๐๐ฐ๐ต ๐๐ต๐ฒ ๐๐ถ๐ฑ๐ฒ๐ผ. For those who prefer YouTube, I've included a direct link in the first comment.
๐๐ผ๐ป๐๐ถ๐ฐ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ป๐ผ๐ ๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป๐๐. ๐ง๐ต๐ฒ ๐ฐ๐ต๐ฎ๐ฟ๐ ๐ฑ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐ ๐๐ผ ๐ฏ๐ฒ ๐ต๐ฒ๐ฎ๐ฟ๐ฑ.
Targets: bottom of inverse cup is $218, bullish $267+
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$AMZN ๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ โ 10/29/26 โ ๏ธโ ๏ธ
๐ด ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ถ๐ฎ๐: ๐ณ๐ฌ% ๐ฃ๐ฟ๐ผ๐ฏ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐
I am ๐ป๐ผ๐ ๐ฐ๐ผ๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐๐ฒ on the $AMZN chart heading into earnings.
My geometric and technical evaluation suggests a ๐ณ๐ฌ% ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ. Watch the video below for the complete geometric breakdown and supporting rationale.
๐ ๐๐ผ๐ฟ๐ฑ ๐ผ๐ณ ๐ฐ๐ฎ๐๐๐ถ๐ผ๐ป: Please don't abandon a high-conviction position simply because my analysis differs from yours. I recognize that many investors are bullish on $AMZN, but I believe the risks deserve to be highlighted.
๐ ๐ง๐๐ฟ๐ป ๐๐ฝ ๐๐ต๐ฒ ๐๐ผ๐น๐๐บ๐ฒ ๐ฎ๐ป๐ฑ ๐๐ฎ๐๐ฐ๐ต ๐๐ต๐ฒ ๐๐ถ๐ฑ๐ฒ๐ผ. For those who prefer YouTube, I've included a direct link in the first comment.
๐๐ผ๐ป๐๐ถ๐ฐ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ป๐ผ๐ ๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป๐๐. ๐ง๐ต๐ฒ ๐ฐ๐ต๐ฎ๐ฟ๐ ๐ฑ๐ฒ๐๐ฒ๐ฟ๐๐ฒ๐ ๐๐ผ ๐ฏ๐ฒ ๐ต๐ฒ๐ฎ๐ฟ๐ฑ.
Targets: bottom of inverse cup is $218, bullish $267+
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๐ NEW YOUTUBE CHANNEL
If you found this analysis useful, the full video is also on my brand-new YouTube channel.
Iโm building the channel from the ground up, so please subscribe to catch my upcoming market forecasts and geometric analysis. $AMZN
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$SPY The Wedge Has Broken โ A Short-term Correction Into the Midterms? 10/29/26
๐น The Cyan Wedge: Since the October 23 bottom, $SPY has climbed along the rising cyan (blue) support line, repeatedly testing the upper resistance boundary. Yesterday, I warned that the wedge was approaching its end and a breakdown was imminent. That breakdown has now materialized. โ
๐ด Weakness Confirmed: I've extended the upper resistance line in red. Notice how price can no longer reach it. Meanwhile, successive lower lows are developing along the descending red support line, creating a broadening formation with potential for further limited downside for now.
๐ก The $MSFT Earnings Trap: Yesterday's after-hours wick showed impressive seller absorption following Microsoft's earnings. But that strength proved temporary. $MSFT has since reversed, trading red this morning alongside broader $QQQ weakness.
๐ The Midterm Correction: My prevailing outlook is that $SPY has entered a corrective phase heading into the November 3 midterm elections. A rising $VIX volatility premium ahead of the election provides a natural backdrop for additional selling pressure. I expect tomorrow ahead of the weekend as a higher $VIX day.
๐ข November 4 โ The Bullish Reset: I expect bullish momentum to reemerge after the elections, as political uncertainty clears and the election-related volatility premium begins to unwind. This is absent any @realDonaldTrump Temper Tantrum.
The wedge has spoken. The correction is underway. November 4 is the date to watch. See the yellow, green marks for resistance / support points.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY
$META Ready to Reverse Higher! ๐ 10/28/26
See my original quoted analysis below from earlier. โ
- ๐น Full Exhaustion BUY Signal is now in place, suggesting selling pressure has reached its limits and a bullish reversal is due.
- ๐น $GOOG's advertising revenue shortfall could become an unexpected tailwind for $META, as Wall Street may interpret Google's weakness as a competitive win for Meta's AI-powered advertising ecosystem and Muse.
- ๐น The Narrative Shift: What's bearish for $GOOG could be spun as bullish for $META, creating the perfect catalyst for a recovery rally.
$META โ The setup is ripe for a reversal higher. ๐
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
$META ๐ง๐ต๐ถ๐ ๐ช๐ฒ๐ฒ๐ธโ๐ ๐๐ผ๐ฟ๐ด๐ผ๐๐๐ฒ๐ป ๐๐ต๐ถ๐น๐ฑ! 10/27/26
๐น Today, nearly every major player had its moment in the spotlight โ $MAGS, $SOXX, and even $AAPL participated in the upside. ๐๐๐ ๐ป๐ผ๐ $๐ ๐๐ง๐!
๐น META has been correcting relentlessly since its post-earnings high, suffering a ๐๐๐๐ป๐ป๐ถ๐ป๐ด ๐ญ๐ด% ๐ฑ๐ฟ๐ฎ๐๐ฑ๐ผ๐๐ป in a remarkably short period.
๐น ๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ง๐ฒ๐น๐น๐ ๐ฎ ๐๐ถ๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ ๐ฆ๐๐ผ๐ฟ๐! The cyan/blue trendline identifies powerful long-term support, highlighted by the yellow marks. My expectation is that META will establish its bottom ๐๐ถ๐๐ต๐ถ๐ป ๐๐ต๐ฒ ๐ป๐ฒ๐
๐ ๐ฎ๐ฐโ๐ฐ๐ด ๐ต๐ผ๐๐ฟ๐.
๐น ๐ง๐ต๐ฒ ๐๐ผ๐๐ป๐๐ฒ๐ฟ๐ฏ๐ฎ๐น๐ฎ๐ป๐ฐ๐ฒ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ: While $SOXX may still need one small retest lower after the recent rise, I expect $META to rotate higher and provide the upside counterweight needed to stabilize the broader $SPY $QQQ indices.
๐ฏ ๐๐ฐ๐ฐ๐๐บ๐๐น๐ฎ๐๐ถ๐ผ๐ป ๐ญ๐ผ๐ป๐ฒ: $613โ$620
๐ ๐๐ป๐๐ฎ๐น๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป / ๐ฆ๐๐ผ๐ฝ ๐๐ผ๐๐: Below $613
๐ง๐ผ๐ฑ๐ฎ๐โ๐ ๐๐ผ๐ฟ๐ด๐ผ๐๐๐ฒ๐ป ๐๐ต๐ถ๐น๐ฑ ๐๐ผ๐๐น๐ฑ ๐๐ฒ ๐ง๐ผ๐บ๐ผ๐ฟ๐ฟ๐ผ๐โ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ. ๐
NFA. See chart below. ๐
Other stocks we played successfully from yesterday: Long $CAT $UNG, short $XOM, $V, $LMT.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY $DRAM $SNDK $MU $EWJ $EWY
$SPY & WARSH'S MEETING โ THE PRICE CHART SPEAKS. 10/28/26
๐น ๐๐๐ ๐๐/๐๐/๐๐ ๐๐๐๐๐๐๐๐
They chose a remarkably symmetrical date for Warsh's meeting: 10/(2+8)/(2+0+2+6) = ๐๐/๐๐/๐๐. Coincidence? This means something to my long-term readersโ
๐น ๐๐๐ ๐๐๐๐๐ โ ๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐
$SPY is approaching the terminal point of an important wedge, where two critical price rays converge. See the chart.
Such compression often precedes a significant expansion in volatility. The question is no longer whether a move is coming, but ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐?
The geometry highlights ๐
๐ซ๐ข๐๐๐ฒ, ๐๐/๐๐/๐๐, as a critical potential reversal date, coinciding with rising $VIX premium ahead of the midterm elections. โ
๐น ๐๐๐๐๐ ๐๐๐ ๐
๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐
$TLT is turning lower while yields catch a bid, potentially pricing in anxiety that equities have yet to acknowledge.
Two unfilled downside gaps remain on $TLT, extending toward $78. A move to close them could exert material pressure on $SPY into next week.
And #WTI? ๐๐ก๐๐ฆ! ๐
๐น ๐๐๐๐๐๐๐๐๐๐๐๐๐๐ โ ๐๐๐๐ ๐๐ ๐๐๐๐๐๐?
$SOXL has surged ๐๐% since my bottom call. An extraordinary recovery!
Meanwhile, $DRAM reached its 21-SMA resistance today.
Together, these developments favor a healthy pullback and retest before the next sustainable advance.
๐น ๐๐๐ ๐๐๐ ๐๐๐ โ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐ โ ๏ธ
This is arguably the most important warning on the chart.
The ๐๐-๐๐๐ > ๐-๐๐๐ configuration remains intact, a bearish trend misalignment that has historically accompanied sudden $SPY declines.
Earlier today, $SPY challenged its 20-SMA while the underlying short-term trend remained unhealthy.
๐๐ซ๐ฌ. ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐ฅ๐ข๐ค๐ ๐ฎ๐ง๐๐ข๐ง๐ข๐ฌ๐ก๐๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ.
She has traveled too far, too fast, leaving unfinished price structure behind. Before the next meaningful advance, the market may need to revisit what it left behind.
๐ฏ ๐๐๐๐๐๐ ๐๐๐๐: The wedge, bond yields, semiconductor exhaustion, rising volatility premium, and moving-average misalignment are converging around a critical time window.
๐๐ก๐ ๐ ๐๐จ๐ฆ๐๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐ฌ๐ฉ๐๐๐ค๐ข๐ง๐ . ๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฆ๐ฎ๐ฌ๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ.
๐ Additional drivers, price levels, and supporting analysis are available to members in today's ๐๐จ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐, linked in the first comment below.
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@Mr_Derivatives @great_martis @market_sleuth @FinanceLancelot @BITCOINFUNDMGR @MasterPandaWu @TicTocTick cc / trend misalignment etc.














