Any Move Below $700 as a Gift

Michael Esther
06-09 14:55

$SPDR S&P 500 ETF Trust(SPY)$ already broke under 20SMA at $746 and today retested it. It failed again.

It will need to defend this $730-$732 area this week. CPI is on Wednesday and so is $Oracle(ORCL)$ earning.

50SMA is at $715. There's a high chance we test this area next week close to June 17 FOMC with Kevin Warsh as new chair.

Most traders don't realize but for the next 5-10 years owning assets and stocks is the way to be free.

Today, $NVIDIA(NVDA)$ CEO said to buy $Qualcomm(QCOM)$ and a few weeks ago he said $ServiceNow(NOW)$ was undervalued and $Micron Technology(MU)$ is the bottle neck.

President Trump wants you to add $IBM(IBM)$ $Intel(INTC)$ $Dell Technologies Inc.(DELL)$ $Micron Technology(MU)$ $IONQ Inc.(IONQ)$ $Rocket Lab USA, Inc.(RKLB)$ $ServiceNow(NOW)$ $Ondas Holdings Inc.(ONDS)$ .

Elon Musk wants you to buy $Space Exploration Technologies Corp(SPCX)$ $Tesla Motors(TSLA)$

Anything under $SPY 700 is a gift.

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