Today’s gap down below the primary uptrend line on SPY coupled with the impulsive rejection off the backtest of the comparable uptrend line on QQQ only further (& significantly) increases the odds that my longer-term swing/trend targets first shared a month ago & many times since will be hit, at least the initial targets (still need to see some of my longer-term trend indicators roll over & sell signals triggered on the weekly & monthly charts for the deeper targets). Here are those targets: https://rightsideofthechart.com/spy-qqq-nvda-long-term-price-targets-6-26-24/

Thank you, Randy! I bought puts yesterday and may add more.

Thank you

Yes, KRE has stalled out in that 56.60-58.30ish resistance zone & l can even make a stronger case to short it here (although still at the same level I shorted & highlighted last week) now that it has negative divergence on the 60m chart (below). One could also wait for a break of the lower uptrend line on this 60m chart as well.

Strong momentum on the recent & current rally in VOXR but quite overbought with negative divergences forming on the daily time frame as it approaches the previous ATH (from 2023) post 2022 IPO or start of trading).

With the strong momo & no sell signals, I wouldn’t short it but I also wouldn’t buy it based on the other factors I mentioned. If I were long, I would certainly tighten up stops at this point as the reversal is likely to come swift when it does come which will likely be sooner than later IMO.

Down after earnings is my best guess based on the technicals, fundamentals & huge run-up over the past few months. That’s also meshes with my take that there is a good chance that the “last hurrah” rally may be over. Just my 2 cents.