UPDATE June 1
A quick update.
The rally is getting tired. But I don't think it is over. I think we get to 14750, maybe as high as 14820. There are new employment and inflation numbers released an hour before open. To be honest, the market doesn't care anymore (probably because they can see they are clear lies). I expect the market to do what the market wants to do.
If support holds (maybe as low as ~14150), then I expect a move up towards 14750 and possibly higher. If support fails, we could pull back to 14000 as the next support. Again, if support starts failing, then just safe to get bearish.
Support is 346.5 and then down to 340. The upside is 360.
Because this run is getting so extended and doesn't have more stocks participating. I would not hold overnight. Since we have passed 14400, a reversal can come at any time. This recent decline does not look like a sell off. it is too controlled and reacting to support.
here are some tickers iam in
looking for 225-235, it could go higher. This is a delayed AI play with autonomous automobiles and the data collected and owned by tesla. below 197 gets bearish.
dropped back into the trend channel. I'm looking for it to drop to 210 before rebounding.
Looking for 124 if we get a push, maybe up to 130 on this run over the next couple of days. support is 120.
Looking for that big breakout. support is 199. target is 234.
Just a momentum play, jumped in 2 days ago and riding it until it's done. Support is 30. target is 35-40, let's see where momentum takes us.
Playing for the student loan payback, this is a squeeze So i don't like holding overnight. I sold most everything for good profit, what I have will ride the momentum, and probably buy again today. I'm looking for a pullback near 6.1, maybe. it could just take off at open, we will see.
the rally is getting extended. I have one more push up, but the market does what the market does.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Red__Bull : I don't follow $SoFi Technologies (SOFI.US)$ but wanted to mention ...I read some of the House Bill last night and the student debt payment and interest pause has been rescinded, i e. payment and interest will resume. As it goes through the Senate, anything could change, but doubtful since Monday June 5 is the deadline for bill to become law. Jan 6 is catastrophic default day. Schumer is on record stating that Senate will remain in session until final vote. The whole market could get nervous if they go into the weekend. Odds are in favor of quick passage though, not doing so would be political suicide, both parties
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