US equities got absolutely wrecked Friday. $INTC saw 455M volume vs 100M prior day—that's not profit-taking, that's capitulation. Institutions are bailing.
$NVDA broke 200DMA at 205, sliced through 212 support, bottomed near 202 before a weak bounce. This is your canary in the coal mine for $QQQ.
$MU now trading below 891 with next support cluster at 854-856. Break that and we're heading to 200DMA at 770. Semi capex fear is real.
$SPY hasn't cracked 200DMA at 730 yet but showing clear weakness. Watch 750-753 support zone. If semis don't hold, indices follow.
$GOOGL oversold but still structurally bearish. 280 is first line of defense, then 273, 263, 250 in play.
$MSFT hasn't tested 200DMA at 464 since start of 2025. Market's waiting for that retest.
$TSLA holding above both 50DMA and 200DMA—relatively strong vs tech peers.
Here's the twist: $DRAM supply isn't the issue. Micron, Samsung, SK Hynix, SanDisk are sold out through 2030. This selloff is pure sentiment and capex fear, not fundamentals.
Semis ($SOXX) are the trigger. If they don't stabilize, $QQQ stays broken. Simple as that.
$NVDA broke 200DMA at 205, sliced through 212 support, bottomed near 202 before a weak bounce. This is your canary in the coal mine for $QQQ.
$MU now trading below 891 with next support cluster at 854-856. Break that and we're heading to 200DMA at 770. Semi capex fear is real.
$SPY hasn't cracked 200DMA at 730 yet but showing clear weakness. Watch 750-753 support zone. If semis don't hold, indices follow.
$GOOGL oversold but still structurally bearish. 280 is first line of defense, then 273, 263, 250 in play.
$MSFT hasn't tested 200DMA at 464 since start of 2025. Market's waiting for that retest.
$TSLA holding above both 50DMA and 200DMA—relatively strong vs tech peers.
Here's the twist: $DRAM supply isn't the issue. Micron, Samsung, SK Hynix, SanDisk are sold out through 2030. This selloff is pure sentiment and capex fear, not fundamentals.
Semis ($SOXX) are the trigger. If they don't stabilize, $QQQ stays broken. Simple as that.