SMCI could very well reverse off the bottom of my T1 zone & start a new, major leg up although I think the stock is probably headed to at least T2 & quite possible much lower, if my downside targets for QQQ, NVDA & SOXX are going to be hit in the coming months+.

I can say that I can’t make a strong or even half-decent case to go long SMCI at this time based on the technicals.

IMO, yes, still a buy. I believe I covered TLT yesterday or Monday but if not, here’s my daily chart of $TYX (30-yr Treasury bond yield) which has rallied into key downtrend line resistance (and $TNX, 10-yr yield, is just below its comparable downtrend line).

As such, I expect yields to fall from here in the near-term with long-dated Treasuries rising.The updated & my previous (Oct 18th) chart, calling for the 30-yr yield to continue rallying to the downtrend, below.