$MU just swept the local low, tapped into the Fair Value Gap (FVG), and put in a strong impulsive recovery candle. Expecting a continuation back toward the recent highs as long as current support holds.
Trade Setup:
Long Entry: 1,085 - 1,087
Stop Loss: 1,079
Target: 1,098
{future}(MUUSDT)
$SPCX
{future}(SPCXUSDT)
continues to surprise me.
Over the past month, the stock is up roughly 7%-8%, despite multiple share unlocks putting significantly more stock into the market.
Since August, nearly 2 BILLION additional shares have become eligible for trading across several lockup expirations.
You would think that kind of added supply would crush the stock.
Instead, $SPCX is still sitting around $148.
I still think the valuation is expensive, but the stock has handled these unlocks ...
US and China just cut a deal on $30 billion of goods. Tariffs coming down on toys, small appliances, holiday stuff, car seats. China drops tariffs on US ag products, seafood, wood, cosmetics, medical devices. Plus they'll buy 10 million metric tons of US coal over the next two years.
Rare earths still on the table.
This isn't a grand reset, but it's a practical step that should ease some consumer prices and help specific sectors. Watch how markets price in the follow-through—deals on paper don...