$SOXX โ ๐ง๐ผ ๐ง๐ต๐ผ๐๐ฒ ๐ช๐ต๐ผ ๐๐ผ๐๐ฏ๐ ๐ง๐ต๐ฒ ๐๐ผ๐๐๐ผ๐บ. 11/01/26
๐ฌ๐ฒ๐, the MayโNovember rising support (maroon line) has broken. Even the much older ascending black trendline has been violated. But ๐ฑ๐ผ๐ป'๐ ๐ฐ๐ผ๐ป๐ณ๐๐๐ฒ ๐ฎ ๐ฏ๐ฟ๐ผ๐ธ๐ฒ๐ป ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ ๐๐ถ๐๐ต ๐ฎ ๐ฏ๐ฟ๐ผ๐ธ๐ฒ๐ป ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐.
๐ง๐ต๐ฒ ๐ฟ๐ฒ๐ฎ๐น ๐๐๐ผ๐ฟ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ฉ๐ช๐๐ฃ. My anchored VWAP near $459.40 caught Friday's capitulation wick almost perfectly. Price rebounded roughly $14 from that level into the close. See the red ellipse and where price bottomed; perfection!
As discussed yesterday, $SOXL's net volume surged from โ20% to +5% during the final two trading hours. That is a remarkable shift in buying pressure amid apparent technical destruction and fear.
๐ ๐ ๐ถ๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ฒ๐๐ฎ๐๐ถ๐ผ๐ป: Capitulation, absorption, and a potential transfer of control back to buyers.
๐ง๐ต๐ฒ ๐ฏ๐ฒ๐ฎ๐ฟ๐ ๐๐ฒ๐ฒ ๐ฏ๐ฟ๐ผ๐ธ๐ฒ๐ป ๐น๐ถ๐ป๐ฒ๐. ๐ ๐๐ฒ๐ฒ ๐ฎ ๐ฉ๐ช๐๐ฃ ๐ฑ๐ฒ๐ณ๐ฒ๐ป๐ฑ๐ฒ๐ฑ. As long as ~$459 holds, the opportunity remains for $SOXX to reclaim the broken trendlines and reenter the upper triangular structure.
๐ง๐ผ๐ฑ๐ฎ๐'๐ ๐ฏ๐ฟ๐ฒ๐ฎ๐ธ๐ฑ๐ผ๐๐ป ๐ฐ๐ผ๐๐น๐ฑ ๐ฏ๐ฒ ๐๐ผ๐บ๐ผ๐ฟ๐ฟ๐ผ๐'๐ ๐ฏ๐ฒ๐ฎ๐ฟ ๐๐ฟ๐ฎ๐ฝ.
I'm constructive on $SOXX and $SOXL. The VWAP is my line in the sand. The market maker will provide you with the bullish narrative leading into the midterms.
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$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
The $NVDA Compressed Spring, more context below โฌ๏ธ
๐ข๐ข ๐๐๐ง๐๐ฅ๐ฃ๐๐๐๐๐ฅ ๐๐ฆ ๐๐๐๐! $CAT | 11/09/26 ๐
๐ข $CAT is ๐ฆ๐๐ฅ๐๐ข๐จ๐ฆ๐๐ฌ ๐๐ฅ๐๐๐ก for the first time since early October!
๐ ๐ง๐๐ ๐ฃ๐ข๐ช๐๐ฅ ๐ข๐ ๐ง๐๐ ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ November 9, a potential reversal force in action!
๐ $CAT's strength is offsetting roughly ๐ง๐ช๐๐๐ the negative impact of $NVDA on the Dow Jones.
๐ ๐ง๐๐ $NVDA ๐๐ข๐ ๐ฃ๐ฅ๐๐ฆ๐ฆ๐๐ ๐ฆ๐ฃ๐ฅ๐๐ก๐
I see NVIDIA's current weakness as a compressed spring. If the Jensen Huang ordeal concludes with confirmation of ๐ก๐ข ๐ก๐๐ง๐๐ข๐ก๐๐ ๐ฆ๐๐๐จ๐ฅ๐๐ง๐ฌ ๐ง๐๐ฅ๐๐๐ง, the resulting relief rally could propel $NVDA, $SOXL and $SOXX sharply higher.
๐ง๐๐ ๐ฆ๐๐ง๐จ๐ฃ: Dow leadership broadens while semiconductor upside potential builds beneath the surface. Remember that $SOXX can lead and bottom before $SPY even if you think SPY may go a bit lower extending a WAVE C โ ๏ธ
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐ข๐ข ๐๐๐ง๐๐ฅ๐ฃ๐๐๐๐๐ฅ ๐๐ฆ ๐๐๐๐! $CAT | 11/09/26 ๐
๐ข $CAT is ๐ฆ๐๐ฅ๐๐ข๐จ๐ฆ๐๐ฌ ๐๐ฅ๐๐๐ก for the first time since early October!
๐ ๐ง๐๐ ๐ฃ๐ข๐ช๐๐ฅ ๐ข๐ ๐ง๐๐ ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ November 9, a potential reversal force in action!
๐ $CAT's strength is offsetting roughly ๐ง๐ช๐๐๐ the negative impact of $NVDA on the Dow Jones.
๐ ๐ง๐๐ $NVDA ๐๐ข๐ ๐ฃ๐ฅ๐๐ฆ๐ฆ๐๐ ๐ฆ๐ฃ๐ฅ๐๐ก๐
I see NVIDIA's current weakness as a compressed spring. If the Jensen Huang ordeal concludes with confirmation of ๐ก๐ข ๐ก๐๐ง๐๐ข๐ก๐๐ ๐ฆ๐๐๐จ๐ฅ๐๐ง๐ฌ ๐ง๐๐ฅ๐๐๐ง, the resulting relief rally could propel $NVDA, $SOXL and $SOXX sharply higher.
๐ง๐๐ ๐ฆ๐๐ง๐จ๐ฃ: Dow leadership broadens while semiconductor upside potential builds beneath the surface. Remember that $SOXX can lead and bottom before $SPY even if you think SPY may go a bit lower extending a WAVE C โ ๏ธ
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐๐ฑ ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ ๐ ๐ข๐ก๐๐๐ฌ, ๐ญ๐ญ/๐ฌ๐ต/๐ฎ๐ฒ. ๐๐ฅ๐๐๐ก ๐ฆ๐๐ข๐ข๐ง๐ฆ. $NVDA
The New Moon arrives Monday, November 9, at a potentially pivotal moment for the markets.
๐ฏ ๐ ๐ฌ ๐๐ข๐ฅ๐๐๐๐ฆ๐ง:
The iconic ๐๐ฅ๐๐๐ก of the NVIDIA logo may very well match the color of $SPY's closing candle tomorrow.
With corrective ๐ช๐ฎ๐๐ฒ ๐ potentially nearing exhaustion and major long-term technical support being tested, the setup favors the emergence of ๐๐ฅ๐๐๐ก ๐ฆ๐๐ข๐ข๐ง๐ฆ ๐๐ก๐ง๐ข ๐ง๐๐ ๐๐๐ข๐ฆ๐.
โ ๏ธ ๐ง๐๐ ๐ก๐๐๐๐ง๐๐ฉ๐ ๐ก๐๐ช๐ฆ โ ๐ง๐ช๐ข ๐ฃ๐ข๐ฆ๐ฆ๐๐๐๐ ๐ข๐จ๐ง๐๐ข๐ ๐๐ฆ:
๐น ๐๐๐ฃ๐๐ง๐จ๐๐๐ง๐๐ข๐ก: The headlines trigger a final wave of panic selling, flushing out weak hands into major technical support.
๐น ๐๐จ๐๐๐๐ฆ๐ ๐ง๐๐ฅ๐จ๐ฆ๐ง: The market recognizes that the controversy may ultimately prove to be a personal ordeal rather than a material threat to NVIDIA's underlying business. An unexpectedly limited business impact could fuel a sharp reversal as fear unwinds.
๐ง๐ต๐ฒ ๐ธ๐ฒ๐ ๐ถ๐ ๐ป๐ผ๐ ๐บ๐ฒ๐ฟ๐ฒ๐น๐ ๐๐ต๐ฒ ๐ป๐ฒ๐๐, ๐ฏ๐๐ ๐ต๐ผ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฟ๐ฒ๐ฎ๐ฐ๐๐ ๐๐ผ ๐ถ๐.
๐ฑ ๐ก๐๐ช ๐ ๐ข๐ข๐ก. ๐ก๐๐ช ๐๐ฌ๐๐๐. ๐ฃ๐ข๐ง๐๐ก๐ง๐๐๐ ๐ฅ๐๐ฉ๐๐ฅ๐ฆ๐๐.
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$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
๐จ๐จ๐จ ๐ฆ๐๐ข๐จ๐๐ ๐ฌ๐ข๐จ ๐ฆ๐๐๐ $NVDA ๐ง๐ข๐ก๐๐๐๐ง?
๐ ๐๐๐ค โ ๐๐ข๐๐๐๐ก๐ ๐๐ข๐ก๐-๐ง๐๐ฅ๐ ๐ฆ๐จ๐ฃ๐ฃ๐ข๐ฅ๐ง
November 8, 2026 | AI & Technology Index
๐ง๐ต๐ฒ "๐๐ถ๐บ๐ถ๐ป๐ด" ๐ผ๐ณ ๐๐ต๐ฒ $NVDA ๐ป๐ฒ๐๐ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐๐ถ๐ด๐ป๐ถ๐ณ๐ถ๐ฐ๐ฎ๐ป๐ ๐๐ต๐ฎ๐ป ๐๐ต๐ฒ ๐ป๐ฒ๐๐ ๐ถ๐๐๐ฒ๐น๐ณ.
Consider this remarkable confluence of events:
๐น ๐ญ. ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ ๐ก๐ข๐ฉ๐๐ ๐๐๐ฅ ๐ต
Tomorrow marks a New Moon, an astronomical event I monitor as a potential timing window for a market reversal.
๐น ๐ฎ. ๐ง๐๐ ๐ง๐๐๐ ๐๐ก๐ ๐ข๐ ๐ช๐๐ฉ๐ ๐
The news emerges precisely as corrective Wave C appears to be approaching exhaustion.
Not two weeks ago. Not after earnings. But this weekend, at a critical technical and timing juncture.
๐น ๐ฏ. $NVDA ๐๐๐ฅ๐ก๐๐ก๐๐ฆ ๐๐ฃ๐ฃ๐ฅ๐ข๐๐๐๐๐ก๐
The headlines arrive roughly a week ahead of anticipated NVIDIA earnings, when investor sensitivity is already elevated.
๐ฏ ๐ง๐๐ ๐๐๐๐๐๐ฅ ๐ฃ๐๐๐ง๐จ๐ฅ๐
Is this timing merely coincidental, or does the narrative amplify fear precisely when weak hands are most vulnerable?
The attached $AIQ chart shows price testing its ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐ฎ๐๐ฐ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ for the third time.
My interpretation is that the immediate pressure is directed less at @JensenHuang personally and more at ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐ฐ๐ผ๐ป๐ณ๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ.
๐ง๐๐ ๐ฃ๐ข๐ง๐๐ก๐ง๐๐๐ ๐ข๐จ๐ง๐๐ข๐ ๐?
Shareholders surrendering their $NVDA positions into major technical support, just as the corrective cycle may be nearing completion.
This timing deserves scrutiny!
โ ๏ธ ๐ช๐๐ง๐๐ ๐ง๐๐ ๐ฆ๐จ๐ฃ๐ฃ๐ข๐ฅ๐ง.
๐ช๐๐ง๐๐ ๐ง๐๐ ๐ง๐๐ ๐๐ก๐.
๐ช๐๐ง๐๐ ๐ง๐๐ ๐ฅ๐๐๐๐ง๐๐ข๐ก.
$182 $NVDA is a Fortress price area. $AIQ agrees for now.
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$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
๐จ๐จ๐จ ๐๐ฆ ๐๐จ๐ง๐จ๐ฅ๐๐ฆ โ ๐ง๐๐ ๐๐ข๐ก๐-๐ง๐๐ฅ๐ ๐๐จ๐๐๐๐ฆ๐ ๐ง๐ฅ๐๐ก๐ ๐๐ฆ ๐๐ก๐ง๐๐๐ง!
๐
November 7, 2026
๐ ๐ง๐๐ฅ๐๐ ๐ฃ๐ข๐๐ก๐ง๐ฆ. ๐ข๐ก๐ ๐๐จ๐๐๐๐ฆ๐ ๐ง๐ฅ๐๐ก๐.
The $ES weekly chart continues to respect its long-term ascending support line connecting the April 2025 Liberation Day bottom, March 2026 corrective low, and November 2026 retest.
Unlike the recent structural weakness in $SPY, futures are still defending this critical bullish trendline. See chart.
โก ๐ ๐ข๐ก๐๐๐ฌ'๐ฆ ๐ฉ๐ข๐๐๐ง๐๐๐๐ง๐ฌ ๐ฆ๐๐ง๐จ๐ฃ
#VIX1D closed Friday elevated, creating the potential for a sharp volatility crush Monday morning and a stronger $SPY opening at 9:30 AM EST.
๐ฅ ๐ง๐๐ ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐ฆ๐๐ง๐จ๐ฃ
@fundstrat's bullish outlook is warranted, in my view.
Even if Monday delivers a final mini flash crash to clear remaining liquidity, the deeply depressed ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐๐ก๐๐๐ซ favors a powerful mean-reversion rally once selling pressure exhausts itself.
๐ฏ ๐ ๐ฌ ๐๐๐ฆ๐ ๐๐๐ฆ๐: An upside squeeze, potentially preceded by one final downside liquidity sweep.
A sustained loss of the rising support line would challenge this outlook.
๐ง๐๐ ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐๐ฆ ๐ ๐ฌ ๐ฃ๐ฅ๐๐๐๐ฅ๐ฅ๐๐ ๐ฆ๐๐๐ก๐๐ฅ๐๐ข.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
โ
๐๐ง๐ โ ๐ง๐๐ ๐๐๐ ๐๐ข๐ฅ๐ฅ๐๐๐ง๐๐ข๐ก ๐๐ฆ ๐๐ข๐ ๐ฃ๐๐๐ง๐!
November 8, 2026
๐ ๐ง๐๐ ๐๐๐๐๐ข๐ง๐ง ๐ช๐๐ฉ๐ ๐ฆ๐ง๐ฅ๐จ๐๐ง๐จ๐ฅ๐
My comprehensive Elliott Wave analysis of $BTC indicates that the ๐๐๐ ๐ฐ๐ผ๐ฟ๐ฟ๐ฒ๐ฐ๐๐ถ๐๐ฒ ๐๐ฒ๐พ๐๐ฒ๐ป๐ฐ๐ฒ ๐ต๐ฎ๐ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต๐ฒ๐ฑ ๐ฐ๐ผ๐บ๐ฝ๐น๐ฒ๐๐ถ๐ผ๐ป.
๐น ๐ช๐ฎ๐๐ฒ๐ ๐, ๐ ๐ฎ๐ป๐ฑ ๐ are identified on the accompanying chart.
๐น My analysis also identifies ๐ณ๐ถ๐๐ฒ ๐ถ๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐๐๐ฏ๐๐ฎ๐๐ฒ๐ ๐๐ถ๐๐ต๐ถ๐ป ๐ช๐ฎ๐๐ฒ ๐, consistent with a completed corrective impulse.
๐น The final ๐ฐ๐ฎ๐ฝ๐ถ๐๐๐น๐ฎ๐๐ถ๐ผ๐ป ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ, highlighted in yellow, produced an exhaustion selloff that was subsequently absorbed by buyers.
๐ฏ ๐ช๐๐๐ง ๐๐ข๐ ๐๐ฆ ๐ก๐๐ซ๐ง?
$BTC is now showing the early formation of a ๐ฉ-๐ฆ๐๐๐ฃ๐๐ ๐ฅ๐๐ฉ๐๐ฅ๐ฆ๐๐, suggesting that the corrective low may be behind us. See picture.
๐ ๐๐๐ฅ๐ฆ๐ง ๐จ๐ฃ๐ฆ๐๐๐ ๐ง๐๐ฅ๐๐๐ง: $78,680
A sustained recovery toward this level would strengthen the bullish reversal thesis.
๐ฅ ๐๐ซ๐๐๐จ๐ฆ๐๐ฉ๐ ๐ ๐๐ ๐๐๐ฅ๐ฆ ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ
Tonight, I provided members with a detailed video breakdown of all five internal subwaves of Wave C, including the evidence supporting corrective exhaustion and the anticipated reversal.
๐ง๐ต๐ฒ ๐ฐ๐ผ๐ฟ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ฎ๐ฝ๐ฝ๐ฒ๐ฎ๐ฟ๐ ๐ฐ๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ. ๐ง๐ต๐ฒ ๐ฟ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ๐ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐ท๐๐๐ ๐ฏ๐ฒ๐ด๐ถ๐ป๐ป๐ถ๐ป๐ด. Tomorrow's MOON is the KEY marker. Subscribe to find out about the next higher levels on BTC.
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$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
๐๐ฑ ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ ๐ ๐ข๐ก๐๐๐ฌ, ๐ญ๐ญ/๐ฌ๐ต/๐ฎ๐ฒ. ๐๐ฅ๐๐๐ก ๐ฆ๐๐ข๐ข๐ง๐ฆ. $NVDA
The New Moon arrives Monday, November 9, at a potentially pivotal moment for the markets.
๐ฏ ๐ ๐ฌ ๐๐ข๐ฅ๐๐๐๐ฆ๐ง:
The iconic ๐๐ฅ๐๐๐ก of the NVIDIA logo may very well match the color of $SPY's closing candle tomorrow.
With corrective ๐ช๐ฎ๐๐ฒ ๐ potentially nearing exhaustion and major long-term technical support being tested, the setup favors the emergence of ๐๐ฅ๐๐๐ก ๐ฆ๐๐ข๐ข๐ง๐ฆ ๐๐ก๐ง๐ข ๐ง๐๐ ๐๐๐ข๐ฆ๐.
โ ๏ธ ๐ง๐๐ ๐ก๐๐๐๐ง๐๐ฉ๐ ๐ก๐๐ช๐ฆ โ ๐ง๐ช๐ข ๐ฃ๐ข๐ฆ๐ฆ๐๐๐๐ ๐ข๐จ๐ง๐๐ข๐ ๐๐ฆ:
๐น ๐๐๐ฃ๐๐ง๐จ๐๐๐ง๐๐ข๐ก: The headlines trigger a final wave of panic selling, flushing out weak hands into major technical support.
๐น ๐๐จ๐๐๐๐ฆ๐ ๐ง๐๐ฅ๐จ๐ฆ๐ง: The market recognizes that the controversy may ultimately prove to be a personal ordeal rather than a material threat to NVIDIA's underlying business. An unexpectedly limited business impact could fuel a sharp reversal as fear unwinds.
๐ง๐ต๐ฒ ๐ธ๐ฒ๐ ๐ถ๐ ๐ป๐ผ๐ ๐บ๐ฒ๐ฟ๐ฒ๐น๐ ๐๐ต๐ฒ ๐ป๐ฒ๐๐, ๐ฏ๐๐ ๐ต๐ผ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฟ๐ฒ๐ฎ๐ฐ๐๐ ๐๐ผ ๐ถ๐.
๐ฑ ๐ก๐๐ช ๐ ๐ข๐ข๐ก. ๐ก๐๐ช ๐๐ฌ๐๐๐. ๐ฃ๐ข๐ง๐๐ก๐ง๐๐๐ ๐ฅ๐๐ฉ๐๐ฅ๐ฆ๐๐.
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$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
๐จ๐จ๐จ ๐ฆ๐๐ข๐จ๐๐ ๐ฌ๐ข๐จ ๐ฆ๐๐๐ $NVDA ๐ง๐ข๐ก๐๐๐๐ง?
๐ ๐๐๐ค โ ๐๐ข๐๐๐๐ก๐ ๐๐ข๐ก๐-๐ง๐๐ฅ๐ ๐ฆ๐จ๐ฃ๐ฃ๐ข๐ฅ๐ง
November 8, 2026 | AI & Technology Index
๐ง๐ต๐ฒ "๐๐ถ๐บ๐ถ๐ป๐ด" ๐ผ๐ณ ๐๐ต๐ฒ $NVDA ๐ป๐ฒ๐๐ ๐บ๐ฎ๐ ๐ฏ๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐๐ถ๐ด๐ป๐ถ๐ณ๐ถ๐ฐ๐ฎ๐ป๐ ๐๐ต๐ฎ๐ป ๐๐ต๐ฒ ๐ป๐ฒ๐๐ ๐ถ๐๐๐ฒ๐น๐ณ.
Consider this remarkable confluence of events:
๐น ๐ญ. ๐ก๐๐ช ๐ ๐ข๐ข๐ก โ ๐ก๐ข๐ฉ๐๐ ๐๐๐ฅ ๐ต
Tomorrow marks a New Moon, an astronomical event I monitor as a potential timing window for a market reversal.
๐น ๐ฎ. ๐ง๐๐ ๐ง๐๐๐ ๐๐ก๐ ๐ข๐ ๐ช๐๐ฉ๐ ๐
The news emerges precisely as corrective Wave C appears to be approaching exhaustion.
Not two weeks ago. Not after earnings. But this weekend, at a critical technical and timing juncture.
๐น ๐ฏ. $NVDA ๐๐๐ฅ๐ก๐๐ก๐๐ฆ ๐๐ฃ๐ฃ๐ฅ๐ข๐๐๐๐๐ก๐
The headlines arrive roughly a week ahead of anticipated NVIDIA earnings, when investor sensitivity is already elevated.
๐ฏ ๐ง๐๐ ๐๐๐๐๐๐ฅ ๐ฃ๐๐๐ง๐จ๐ฅ๐
Is this timing merely coincidental, or does the narrative amplify fear precisely when weak hands are most vulnerable?
The attached $AIQ chart shows price testing its ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐ฎ๐๐ฐ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ for the third time.
My interpretation is that the immediate pressure is directed less at @JensenHuang personally and more at ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ ๐ฐ๐ผ๐ป๐ณ๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ.
๐ง๐๐ ๐ฃ๐ข๐ง๐๐ก๐ง๐๐๐ ๐ข๐จ๐ง๐๐ข๐ ๐?
Shareholders surrendering their $NVDA positions into major technical support, just as the corrective cycle may be nearing completion.
This timing deserves scrutiny!
โ ๏ธ ๐ช๐๐ง๐๐ ๐ง๐๐ ๐ฆ๐จ๐ฃ๐ฃ๐ข๐ฅ๐ง.
๐ช๐๐ง๐๐ ๐ง๐๐ ๐ง๐๐ ๐๐ก๐.
๐ช๐๐ง๐๐ ๐ง๐๐ ๐ฅ๐๐๐๐ง๐๐ข๐ก.
$182 $NVDA is a Fortress price area. $AIQ agrees for now.
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$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
๐จ๐จ๐จ ๐๐ฆ ๐๐จ๐ง๐จ๐ฅ๐๐ฆ โ ๐ง๐๐ ๐๐ข๐ก๐-๐ง๐๐ฅ๐ ๐๐จ๐๐๐๐ฆ๐ ๐ง๐ฅ๐๐ก๐ ๐๐ฆ ๐๐ก๐ง๐๐๐ง!
๐
November 7, 2026
๐ ๐ง๐๐ฅ๐๐ ๐ฃ๐ข๐๐ก๐ง๐ฆ. ๐ข๐ก๐ ๐๐จ๐๐๐๐ฆ๐ ๐ง๐ฅ๐๐ก๐.
The $ES weekly chart continues to respect its long-term ascending support line connecting the April 2025 Liberation Day bottom, March 2026 corrective low, and November 2026 retest.
Unlike the recent structural weakness in $SPY, futures are still defending this critical bullish trendline. See chart.
โก ๐ ๐ข๐ก๐๐๐ฌ'๐ฆ ๐ฉ๐ข๐๐๐ง๐๐๐๐ง๐ฌ ๐ฆ๐๐ง๐จ๐ฃ
#VIX1D closed Friday elevated, creating the potential for a sharp volatility crush Monday morning and a stronger $SPY opening at 9:30 AM EST.
๐ฅ ๐ง๐๐ ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐ฆ๐๐ง๐จ๐ฃ
@fundstrat's bullish outlook is warranted, in my view.
Even if Monday delivers a final mini flash crash to clear remaining liquidity, the deeply depressed ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐๐ก๐๐๐ซ favors a powerful mean-reversion rally once selling pressure exhausts itself.
๐ฏ ๐ ๐ฌ ๐๐๐ฆ๐ ๐๐๐ฆ๐: An upside squeeze, potentially preceded by one final downside liquidity sweep.
A sustained loss of the rising support line would challenge this outlook.
๐ง๐๐ ๐ฆ๐ค๐จ๐๐๐ญ๐ ๐๐ฆ ๐ ๐ฌ ๐ฃ๐ฅ๐๐๐๐ฅ๐ฅ๐๐ ๐ฆ๐๐๐ก๐๐ฅ๐๐ข.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐ก๐ฉ๐๐ ๐๐๐๐ ๐๐ง ๐ง๐๐ ๐ช๐๐๐๐๐ฌ ๐ฃ๐ข๐ โ ๐ ๐๐ฆ๐ฆ๐๐ฉ๐ ๐๐๐ค๐จ๐๐๐๐ง๐ฌ ๐๐ง $๐ญ๐ด๐ฎ
11/05/26
๐น ๐ง๐ต๐ฒ $๐ญ๐ด๐ฎ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ ๐ฎ๐ด๐ป๐ฒ๐
$NVDA has returned to its weekly Point of Control (POC), near $182 โ the price center where the largest concentration of historical trading volume has accumulated.
๐น ๐ก๐ถ๐ป๐ฒ ๐ ๐ผ๐ป๐๐ต๐ ๐ผ๐ณ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐
For approximately nine months, substantial trading activity has built around this same $182 price center. See the blue horizontal line and the original consolidation zone highlighted in red.
๐น ๐ ๐๐ฟ๐ฎ๐ฏ-๐ฎ๐ป๐ฑ-๐๐ผ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐?
Even if $NVDA briefly breaks below $182 for a session, this high-volume price center remains a powerful potential magnet.
A temporary liquidity sweep below the level, followed by a rapid reclaim, could create the ideal grab-and-go setup for the next bullish advance.
๐น ๐ฉ๐ผ๐น๐ฎ๐๐ถ๐น๐ถ๐๐ ๐๐ ๐ฆ๐ต๐ผ๐๐ถ๐ป๐ด ๐ฆ๐ถ๐ด๐ป๐ ๐ผ๐ณ ๐๐ฎ๐๐ถ๐ป๐ด
As of 2:00 PM ET, $SVIX and the broader volatility complex were showing signs of stabilization.
๐ ๐ ๐ฃ๐น๐ฎ๐ป: I will be accumulating long-term $NVDA positions around these levels between now and Monday.
๐ง๐ต๐ฒ ๐๐ผ๐๐๐ผ๐บ ๐๐ถ๐ป๐ฒ: $182 is not just another price level. It represents nine months of accumulated trading activity โ a major battleground where buyers and sellers may establish the next directional move.
$NVDA $SOXX $SOXL $SMH $SPY $QQQ $SVIX $VIX
$SOXL: 100% Brutal Retracement with WAVE C of the entire move from Liberation Day 3/30 until today.
Our chart captured the essence of Wave A , B , and C, as shown. But I didn't believe they would retrace to 100% in 10 days. I was expecting one reversal higher before the final move. That didn't happen. It was merciless!
$40 to $300 to $40.
They will give you the handle. See pic.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
โ ๏ธโ ๏ธโ ๏ธ $SPYโ ๐ง๐๐ ๐ช๐๐๐๐๐ฌ ๐๐๐๐ฅ๐ง ๐๐๐ฆ ๐๐ข๐ฆ๐ง ๐ ๐ฌ ๐ง๐ฅ๐จ๐ฆ๐ง
๐ก๐ผ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฑ, ๐ฎ๐ฌ๐ฎ๐ฒ | ๐ ๐ ๐ฎ๐ท๐ผ๐ฟ ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐ช๐ฎ๐ฟ๐ป๐ถ๐ป๐ด
The long-term bullish case for $SPY is now ๐ฆ๐จ๐ฆ๐ฃ๐๐๐ง.
For the first time, the market has breached a major rising support line connecting two critical lows in this bull market.
๐ ๐ง๐๐ ๐ ๐๐ง๐๐๐ ๐๐ง๐๐๐ฆ ๐ข๐ ๐ง๐๐ ๐๐ฅ๐๐๐๐๐ข๐ช๐ก
Using the geometric support line anchored to:
๐น ๐ฃ๐ผ๐ถ๐ป๐ ๐ญ: April 7, 2025 โ Liberation Day low at $481.80, and passing through:
๐น ๐ฃ๐ผ๐ถ๐ป๐ ๐ฎ: March 30, 2026 โ Major corrective low at $629.28
๐น ๐ฃ๐ผ๐ถ๐ป๐ ๐ฏ: November 5, 2026 โ Calculated support at ๐ฆ๐ณ๐ฐ๐ญ.๐ด๐ฑ
Today, $SPY traded below that calculated support, reaching approximately $731 this hour.
๐จ ๐ง๐๐ ๐๐๐ ๐๐๐ ๐๐ฆ ๐๐ข๐ก๐.
This is not merely about losing $742. It is about ๐น๐ผ๐๐ถ๐ป๐ด ๐ฐ๐ผ๐ป๐ณ๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ ๐ถ๐ป ๐๐ต๐ฒ ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐ถ๐ป๐๐ฒ๐ด๐ฟ๐ถ๐๐ of the entire rising trend.
For months, this support line served as the mathematical foundation of the bullish case. Every major correction had a reference point. Every selloff could be evaluated against an established rising floor.
๐ง๐ต๐ฎ๐ ๐ณ๐น๐ผ๐ผ๐ฟ ๐ต๐ฎ๐ ๐ป๐ผ๐ ๐ฏ๐ฒ๐ฒ๐ป ๐ฏ๐ฟ๐ฒ๐ฎ๐ฐ๐ต๐ฒ๐ฑ.
And even if $SPY recovers above $742 tomorrow, the original confidence in that support cannot simply be restored.
A broken support line is no longer an unquestionable foundation. ๐ง๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐บ๐๐๐ ๐ฒ๐ฎ๐ฟ๐ป ๐๐ต๐ฎ๐ ๐๐ฟ๐๐๐ ๐ฎ๐ด๐ฎ๐ถ๐ป, ๐ณ๐ฟ๐ผ๐บ ๐๐ฐ๐ฟ๐ฎ๐๐ฐ๐ต.
๐ ๐ช๐๐๐ง ๐๐๐๐ก๐๐๐ฆ ๐๐ฅ๐ข๐ ๐๐๐ฅ๐?
My approach to future rallies must now change.
Previously, corrections toward major support represented potential buying opportunities within an intact bullish structure.
Now, rallies may need to be treated as ๐ฆ๐๐๐๐๐ก๐ ๐ข๐ฃ๐ฃ๐ข๐ฅ๐ง๐จ๐ก๐๐ง๐๐๐ฆ until the market proves otherwise.
Even a substantial recovery above the broken support line would not eliminate the possibility of another decline toward lower lows.
๐ง๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ฐ๐ฟ๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ฑ๐ถ๐๐๐ถ๐ป๐ฐ๐๐ถ๐ผ๐ป.
๐ ๐ฟ๐ฎ๐น๐น๐ ๐ถ๐ ๐ป๐ผ๐ ๐ป๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐ถ๐น๐ ๐ฎ ๐ฟ๐ฒ๐๐๐ผ๐ฟ๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ต๐ฒ ๐ฏ๐๐น๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐.
The market can rally, reclaim resistance, attract buyers, and still return later to establish a lower low.
โ ๏ธ ๐ง๐๐ ๐ก๐๐ช ๐ฅ๐จ๐๐: ๐ง๐ฅ๐จ๐ฆ๐ง ๐ ๐จ๐ฆ๐ง ๐๐ ๐ฅ๐๐๐จ๐๐๐ง.
I am not declaring that every rally will fail, nor that a bear market is guaranteed.
I am declaring that ๐๐ต๐ฒ ๐ผ๐ฟ๐ถ๐ด๐ถ๐ป๐ฎ๐น ๐ฏ๐๐น๐น๐ถ๐๐ต ๐ณ๐ฟ๐ฎ๐บ๐ฒ๐๐ผ๐ฟ๐ธ ๐ต๐ฎ๐ ๐ฏ๐ฒ๐ฒ๐ป ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ผ๐บ๐ถ๐๐ฒ๐ฑ.
๐ง๐ต๐ฒ ๐ฏ๐๐ฟ๐ฑ๐ฒ๐ป ๐ผ๐ณ ๐ฝ๐ฟ๐ผ๐ผ๐ณ ๐ต๐ฎ๐ ๐๐ต๐ถ๐ณ๐๐ฒ๐ฑ ๐๐ผ ๐๐ต๐ฒ ๐ฏ๐๐น๐น๐.
Until $SPY establishes a credible new support structure, I will treat future upside with greater skepticism and remain open to selling rallies rather than automatically buying corrections.
๐ง๐ต๐ฒ ๐ผ๐น๐ฑ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐น๐ถ๐ป๐ฒ ๐๐ฎ๐ ๐ผ๐๐ฟ ๐ณ๐ผ๐๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป. ๐ง๐ผ๐ฑ๐ฎ๐, ๐๐ต๐ฎ๐ ๐ณ๐ผ๐๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป ๐ฐ๐ฟ๐ฎ๐ฐ๐ธ๐ฒ๐ฑ.
๐๐ป๐ฑ ๐ฎ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ต๐ฎ๐ ๐ฏ๐ฟ๐ฒ๐ฎ๐ธ๐ ๐ถ๐๐ ๐ณ๐ผ๐๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป ๐บ๐๐๐ ๐ฝ๐ฟ๐ผ๐๐ฒ ๐ถ๐ ๐ฐ๐ฎ๐ป ๐๐๐ฎ๐ป๐ฑ ๐ฎ๐ด๐ฎ๐ถ๐ป.
๐ฆ๐ต๐ฎ๐ฟ๐ฒ & ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฏ๐ฒ, <<link in bio>>.
$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐ก๐ฉ๐๐ ๐๐๐๐ ๐๐ง ๐ง๐๐ ๐ช๐๐๐๐๐ฌ ๐ฃ๐ข๐ โ ๐ ๐๐ฆ๐ฆ๐๐ฉ๐ ๐๐๐ค๐จ๐๐๐๐ง๐ฌ ๐๐ง $๐ญ๐ด๐ฎ
11/05/26
๐น ๐ง๐ต๐ฒ $๐ญ๐ด๐ฎ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐ ๐ฎ๐ด๐ป๐ฒ๐
$NVDA has returned to its weekly Point of Control (POC), near $182 โ the price center where the largest concentration of historical trading volume has accumulated.
๐น ๐ก๐ถ๐ป๐ฒ ๐ ๐ผ๐ป๐๐ต๐ ๐ผ๐ณ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐
For approximately nine months, substantial trading activity has built around this same $182 price center. See the blue horizontal line and the original consolidation zone highlighted in red.
๐น ๐ ๐๐ฟ๐ฎ๐ฏ-๐ฎ๐ป๐ฑ-๐๐ผ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐?
Even if $NVDA briefly breaks below $182 for a session, this high-volume price center remains a powerful potential magnet.
A temporary liquidity sweep below the level, followed by a rapid reclaim, could create the ideal grab-and-go setup for the next bullish advance.
๐น ๐ฉ๐ผ๐น๐ฎ๐๐ถ๐น๐ถ๐๐ ๐๐ ๐ฆ๐ต๐ผ๐๐ถ๐ป๐ด ๐ฆ๐ถ๐ด๐ป๐ ๐ผ๐ณ ๐๐ฎ๐๐ถ๐ป๐ด
As of 2:00 PM ET, $SVIX and the broader volatility complex were showing signs of stabilization.
๐ ๐ ๐ฃ๐น๐ฎ๐ป: I will be accumulating long-term $NVDA positions around these levels between now and Monday.
๐ง๐ต๐ฒ ๐๐ผ๐๐๐ผ๐บ ๐๐ถ๐ป๐ฒ: $182 is not just another price level. It represents nine months of accumulated trading activity โ a major battleground where buyers and sellers may establish the next directional move.
$NVDA $SOXX $SOXL $SMH $SPY $QQQ $SVIX $VIX
โ ๏ธโ ๏ธ $SPY Remember if this capitulates here at support, SPY can close with GREEN candle on the day. See previous instance, lower red circle, against the same support line. See pic.
$SPY Monthly Chart Remains Bullish Above $743. 11/05/26
This is the target for reversal during the cash session today.
See pic.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐จ ๐ฆ๐ฃ๐ฌ $๐ณ๐ฐ๐ฏ โ ๐ง๐ต๐ฒ ๐๐ฎ๐๐ต ๐ฆ๐ฒ๐๐๐ถ๐ผ๐ป ๐๐ฎ๐ ๐จ๐ป๐ณ๐ถ๐ป๐ถ๐๐ต๐ฒ๐ฑ ๐๐๐๐ถ๐ป๐ฒ๐๐!
11/05/26
โข Yesterday, $SPY reached the critical $743/$744 level in premarket trading, ๐ฏ๐๐ ๐๐ต๐ฒ ๐ฟ๐ฒ๐ด๐๐น๐ฎ๐ฟ ๐ฐ๐ฎ๐๐ต ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ป๐ฒ๐๐ฒ๐ฟ ๐๐ผ๐๐ฐ๐ต๐ฒ๐ฑ ๐ถ๐.
โข I believe $SPY is very likely to revisit $743/$744 ๐ฒ๐ถ๐๐ต๐ฒ๐ฟ ๐๐ผ๐ฑ๐ฎ๐ ๐ผ๐ฟ ๐๐ผ๐บ๐ผ๐ฟ๐ฟ๐ผ๐, potentially delivering the final capitulation event.
โข ๐ง๐ต๐ฒ ๐ฐ๐ฎ๐๐ต ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ป๐ฒ๐ฒ๐ฑ๐ ๐๐ผ ๐๐ฒ๐ฒ $๐ณ๐ฐ๐ฏ. The premarket test alone may not be sufficient to complete the corrective structure.
โข ๐ช๐ต๐ $๐ณ๐ฐ๐ฏ ๐บ๐ฎ๐๐๐ฒ๐ฟ๐: This level represents a critical support zone capable of preserving the ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐ฏ๐๐น๐น๐ถ๐๐ต ๐๐ฟ๐ฒ๐ป๐ฑ despite the severity of the current correction. This structure comes from the monthly bullish chart.
๐ ๐ ๐ ๐ฃ๐ฟ๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ: One final flush toward $743, capitulation, and a reversal that leaves the broader bullish structure intact.
โ ๏ธ A sustained breakdown below $743 would weaken this scenario and warrant reassessment.
๐ง๐ต๐ฒ ๐ฏ๐๐น๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฑ๐ผ๐ฒ๐๐ป'๐ ๐ป๐ฒ๐ฒ๐ฑ ๐ฎ ๐ฝ๐ฎ๐ถ๐ป๐น๐ฒ๐๐ ๐ฐ๐ผ๐ฟ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป. ๐๐ ๐ป๐ฒ๐ฒ๐ฑ๐ ๐ถ๐๐ ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ผ ๐ต๐ผ๐น๐ฑ.
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$SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY
๐จ ๐ฆ๐ฃ๐ฌ $๐ณ๐ฐ๐ฏ โ ๐ง๐ต๐ฒ ๐๐ฎ๐๐ต ๐ฆ๐ฒ๐๐๐ถ๐ผ๐ป ๐๐ฎ๐ ๐จ๐ป๐ณ๐ถ๐ป๐ถ๐๐ต๐ฒ๐ฑ ๐๐๐๐ถ๐ป๐ฒ๐๐!
11/05/26
โข Yesterday, $SPY reached the critical $743/$744 level in premarket trading, ๐ฏ๐๐ ๐๐ต๐ฒ ๐ฟ๐ฒ๐ด๐๐น๐ฎ๐ฟ ๐ฐ๐ฎ๐๐ต ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ป๐ฒ๐๐ฒ๐ฟ ๐๐ผ๐๐ฐ๐ต๐ฒ๐ฑ ๐ถ๐.
โข I believe $SPY is very likely to revisit $743/$744 ๐ฒ๐ถ๐๐ต๐ฒ๐ฟ ๐๐ผ๐ฑ๐ฎ๐ ๐ผ๐ฟ ๐๐ผ๐บ๐ผ๐ฟ๐ฟ๐ผ๐, potentially delivering the final capitulation event.
โข ๐ง๐ต๐ฒ ๐ฐ๐ฎ๐๐ต ๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ป๐ฒ๐ฒ๐ฑ๐ ๐๐ผ ๐๐ฒ๐ฒ $๐ณ๐ฐ๐ฏ. The premarket test alone may not be sufficient to complete the corrective structure.
โข ๐ช๐ต๐ $๐ณ๐ฐ๐ฏ ๐บ๐ฎ๐๐๐ฒ๐ฟ๐: This level represents a critical support zone capable of preserving the ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐ฏ๐๐น๐น๐ถ๐๐ต ๐๐ฟ๐ฒ๐ป๐ฑ despite the severity of the current correction. This structure comes from the monthly bullish chart.
๐ ๐ ๐ ๐ฃ๐ฟ๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ: One final flush toward $743, capitulation, and a reversal that leaves the broader bullish structure intact.
โ ๏ธ A sustained breakdown below $743 would weaken this scenario and warrant reassessment.
๐ง๐ต๐ฒ ๐ฏ๐๐น๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฑ๐ผ๐ฒ๐๐ป'๐ ๐ป๐ฒ๐ฒ๐ฑ ๐ฎ ๐ฝ๐ฎ๐ถ๐ป๐น๐ฒ๐๐ ๐ฐ๐ผ๐ฟ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป. ๐๐ ๐ป๐ฒ๐ฒ๐ฑ๐ ๐ถ๐๐ ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ผ ๐ต๐ผ๐น๐ฑ.
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๐จ๐จ ๐๐ฅ๐จ๐ง๐๐ ๐๐ซ๐ง๐๐ก๐ฆ๐๐ข๐ก ๐ข๐ ๐ช๐๐ฉ๐ ๐ โ $SOXL $SOXX
๐ ๐ฅ๐ฒ๐น๐ฒ๐ป๐๐น๐ฒ๐๐. ๐ ๐ฒ๐ฟ๐ฐ๐ถ๐น๐ฒ๐๐.
โข Chart updated with the ๐บ๐ผ๐๐ ๐ฎ๐ด๐ด๐ฟ๐ฒ๐๐๐ถ๐๐ฒ ๐ฑ๐ฒ๐๐ฐ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฎ๐ป๐ด๐น๐ฒ. See the three red circles tracing the acceleration of the decline.
โข This Wave C extension has ๐ณ๐ฎ๐ฟ ๐ฒ๐
๐ฐ๐ฒ๐ฒ๐ฑ ๐บ๐ ๐ฒ๐
๐ฝ๐ฒ๐ฐ๐๐ฎ๐๐ถ๐ผ๐ป๐. The selling pressure has been relentless, slicing through successive Fibonacci retracement levels.
โข Today's price action has all the characteristics of ๐ฐ๐ฎ๐ฝ๐ถ๐๐๐น๐ฎ๐๐ถ๐ผ๐ป. We are witnessing the deepest and most aggressive phase of the correction: ๐ฆ๐๐ฏ๐๐ฎ๐๐ฒ ๐ฑ ๐ผ๐ณ ๐ช๐ฎ๐๐ฒ ๐.
โข The 94.13% retracement has now come into focus, with the 100% retracement near $36 marking the ultimate downside reference on this chart.
โ ๏ธ ๐ง๐ต๐ฒ ๐ฃ๐ฎ๐ฟ๐ฎ๐ฑ๐ผ๐
: The most violent selling often occurs near the terminal stage of a corrective wave. Capitulation can signal exhaustion, but confirmation of a reversal is still required.
๐ ๐ช๐ฎ๐๐ฐ๐ต ๐๐ต๐ฒ ๐ณ๐ถ๐ป๐ฎ๐น ๐ณ๐ถ๐ณ๐๐ต ๐๐๐ฏ๐๐ฎ๐๐ฒ. The deeper the extension, the more consequential the potential reversal.
๐ ๐ฆ๐ต๐ฎ๐ฟ๐ฒ & ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฏ๐ฒ โ Link in bio.
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๐จ $SOXL โ Brutal 90% Retracement From the ATH! | 11/04/26
Is Wave C Approaching Its Final Capitulation?
$SOXL has suffered a devastating decline, retracing nearly 90% of its advance from the original $39 base with the 3/30 ceasefire to the $301.94 all-time high.
But the geometry of this correction is revealing something important.
๐น ๐๐๐ฏ๐ ๐ โ ๐๐ก๐ ๐
๐ข๐๐ญ๐ก ๐๐ฎ๐๐ฐ๐๐ฏ๐ ๐๐ฌ ๐๐ง ๐๐ซ๐จ๐ ๐ซ๐๐ฌ๐ฌ
See the chart.
The descending line originating from the Wave A low extends directly into the projected termination zone of Wave C, where the fifth and final subwave is unfolding near $62.
This is no ordinary support line. It connects the geometry of Wave A to the potential exhaustion point of Wave C.
The yellow markers highlight the alignment.
๐น ๐๐ก๐ $๐๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง โ ๐๐ฎ๐ฌ๐ญ ๐๐๐ฏ๐ ๐ ๐๐๐ญ๐ซ๐๐๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ฅ๐ฒ?
Under a deeper Elliott Wave correction scenario, the entire advance could eventually be retraced to its origin near $39.07.
However, a complete retracement is not mandatory.
More importantly, my RSI observations indicate that $SOXL is now exhibiting conditions remarkably similar to those recorded at the Wave A bottom.
That similarity strengthens my conviction that a meaningful relief rally is imminent, potentially beginning around the current $62 region.
๐น ๐
๐ข๐ซ๐ฌ๐ญ ๐๐ฉ๐ฌ๐ข๐๐ ๐๐๐ซ๐ ๐๐ญ: $๐๐
The first major test is the descending resistance structure around $86, representing approximately 37% upside from $62.
This is where the market must reveal its hand.
๐๐ฐ๐จ ๐๐๐๐ง๐๐ซ๐ข๐จ๐ฌ:
๐ข ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ: A decisive break above the descending resistance line would strengthen the case that Wave C and its fifth subwave have terminated. That opens the door to a much larger recovery, potentially toward new highs.
In this scenario, the bears pressing their shorts near the marked C bottom could find themselves trapped at precisely the wrong moment.
๐ด ๐๐๐ฃ๐๐๐ญ๐ข๐จ๐ง ๐๐ญ $๐๐: Failure to overcome resistance would leave the corrective structure unresolved, opening the possibility of another visit to $62, forming a double bottom, or a further decline toward the projected wedge apex near $54.50.
๐๐ฒ ๐๐๐ฌ๐ ๐๐๐ฌ๐
The fifth subwave is still in progress, but the convergence of Wave A/C geometry, deep Fibonacci retracement, and matching RSI exhaustion conditions argues that $SOXL is approaching an important inflection point.
The 88.6% retracement at $69.04 has already been breached, bringing the 94.13% level at $54.50 into view as the next deeper Fibonacci reference.
I favor an imminent bounce toward $86 before the market decides whether this is the beginning of a major bullish reversal or merely an interruption in the final corrective decline.
$NVDA is showing a similar setup.
๐๐ก๐ ๐๐๐๐ซ๐ฌ ๐ฆ๐๐ฒ ๐๐ ๐ซ๐ฎ๐ง๐ง๐ข๐ง๐ ๐จ๐ฎ๐ญ ๐จ๐ ๐ซ๐จ๐จ๐ฆ โ ๐๐ง๐ ๐ญ๐ข๐ฆ๐.
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๐จ ๐๐๐ง ๐๐ฅ๐จ๐ง๐๐ ๐๐ข๐ฅ๐ฅ๐๐๐ง๐๐ข๐ก โ ๐๐ฅ๐ข๐ $๐ญ,๐ญ๐ฌ๐ฌ ๐ง๐ข $๐ฑ๐ด๐ฌ! | 11/05/26
๐ป ๐ก๐ฒ๐ฎ๐ฟ๐น๐ ๐ฐ๐ณ% ๐๐ฟ๐ฎ๐๐ฒ๐ฑ. ๐๐ฎ๐ฝ๐ถ๐๐๐น๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ฟ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐?
โข ๐๐
๐๐ฟ๐ฒ๐บ๐ฒ ๐ข๐๐ฒ๐ฟ๐๐ผ๐น๐ฑ: I have never seen $CAT this oversold. The magnitude of this correction is extraordinary.
โข ๐๐ฎ๐๐ด๐ต๐ ๐ถ๐ป ๐๐ต๐ฒ $๐ฆ๐ข๐ซ๐ซ ๐๐๐ฏ๐ฏ๐น๐ฒ ๐๐๐ฟ๐๐: $CAT has been swept into the semiconductor selloff, despite its industrial backbone and exposure to the AI data-center infrastructure build-out, particularly engines and power-generation equipment.
โข ๐ช๐ฎ๐๐ฐ๐ต ๐ณ๐ผ๐ฟ ๐ฎ ๐ฆ๐๐ป๐ฐ๐ต๐ฟ๐ผ๐ป๐ถ๐๐ฒ๐ฑ ๐๐ผ๐๐๐ผ๐บ: I am watching for $CAT to establish a major bottom alongside $SOXX. Both may be approaching a shared inflection point.
โข ๐ง๐ต๐ฒ $๐๐๐ ๐๐ถ๐๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ฒ: Look at the attached Dow components. Green across the board among the leading heavyweights, except $CAT โ the Dow's #2 component by weight, down everyday!
๐ฏ ๐ ๐ฌ ๐ง๐๐๐ฆ๐๐ฆ: $CAT is becoming the conspicuous laggard in an otherwise resilient Dow. If $SOXX confirms its bottom, $CAT could be positioned for a powerful relief rally.
๐ง๐ต๐ฒ ๐๐ผ๐ ๐ถ๐ ๐๐ฟ๐๐ถ๐ป๐ด ๐๐ผ ๐ฟ๐ถ๐๐ฒ ๐๐ถ๐๐ต ๐ผ๐ป๐ฒ ๐ผ๐ณ ๐ถ๐๐ ๐ต๐ฒ๐ฎ๐๐ถ๐ฒ๐๐ ๐ฒ๐ป๐ด๐ถ๐ป๐ฒ๐ ๐๐๐ถ๐น๐น ๐ถ๐ป ๐ฟ๐ฒ๐๐ฒ๐ฟ๐๐ฒ. ๐ช๐ฎ๐๐ฐ๐ต ๐๐ต๐ฎ๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ ๐๐ต๐ฒ๐ป ๐๐ต๐ฎ๐ ๐ฒ๐ป๐ด๐ถ๐ป๐ฒ ๐๐๐ฟ๐ป๐.
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๐ ๐ฆ๐ข๐ซ๐ซ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฆ๐ฒ๐๐๐ฝ โ ๐๐ป๐๐ฒ๐ฟ๐๐ฒ ๐๐๐ฝ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ | ๐ญ๐ญ/๐ฌ๐ฐ/๐ฎ๐ฒ
๐น ๐ง๐ต๐ฒ ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐๐ฎ๐๐ฒ ๐ณ๐ผ๐ฟ ๐ฎ ๐๐๐น๐น๐ถ๐๐ต ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฎ๐น
Part of my bullish conviction in $NVDA comes directly from the broader structure of $SOXX.
โข ๐ง๐ต๐ฒ ๐๐ป๐๐ฒ๐ฟ๐๐ฒ ๐๐๐ฝ ๐๐ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ. At approximately $450, SOXX has returned to the right rim of a massive inverse cup, precisely matching the left green-marked rim that launched the final bullish impulse toward the June peak, amid the $MU earnings saga.
โข ๐ง๐ต๐ฒ ๐ข๐ฟ๐ถ๐ด๐ถ๐ป๐ฎ๐น ๐๐ถ๐ป๐ฒ๐ฎ๐ฟ ๐ง๐ฟ๐ฒ๐ป๐ฑ ๐๐ ๐ฆ๐๐ถ๐น๐น ๐๐ป๐๐ฎ๐ฐ๐. Today's $450 area intersects the rising gray support line originating in early 2026. The yellow markers illustrate repeated historical validations of this remarkably consistent linear trajectory. Today's retest adds another important touchpoint.
โข ๐๐ฟ๐ผ๐บ ๐๐
๐ฐ๐ฒ๐๐ ๐๐ฎ๐ฐ๐ธ ๐๐ผ ๐๐ถ๐ป๐ฒ๐ฎ๐ฟ ๐๐ฟ๐ผ๐๐๐ต. Even the bears should recognize the distinction: the recent correction may have simply removed the speculative froth represented by the cup, returning SOXX to its original, sustainable rising trajectory rather than signaling a structural breakdown.
โข ๐ก๐ฒ๐
๐ ๐ฆ๐๐ผ๐ฝ: ๐ง๐ต๐ฒ ๐๐ฎ๐ป๐ฑ๐น๐ฒ. My preferred scenario calls for a recovery that develops a handle alongside the blue 50-day SMA, currently near $525.
โ ๏ธ ๐๐ป๐๐ฎ๐น๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป: A decisive loss of the gray ascending support line, highlighted by the yellow markers, would invalidate this bullish interpretation.
I consider a material breakdown unlikely, particularly given the constructive price structure $NVDA is developing this week.
๐ฏ ๐๐ผ๐๐๐ผ๐บ ๐๐ถ๐ป๐ฒ: The cup has completed its journey. The excess has been removed. The original linear uptrend now has an opportunity to reclaim control.
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