Jul. 5 at 6:34 PM
https://youtube.com/watch?v=vI4AA-emzp8&is=i9jMOILEWDOYntxl
$MU $SMH $SPY $TSLA
Semiconductor Weakness: The host highlights worrisome put option flow on Micron (MU) (0:02-1:34) and notes that the SMH ETF and chip stocks like AMD are showing signs of failed cup and handle breakout patterns (1:34-2:50).
• S&P 500 Analysis: The market is currently rangebound. The host identifies a key resistance level at 7505 (stemming from a massive 11.5 billion dark pool print), stating that a reclaim of this level is necessary to resume an upward trend (3:01-4:32, 9:35-10:57).
• Magnificent 7: While Apple and Google show technical strength with recent breakouts (5:20-5:40), Tesla is struggling after a failed breakout, making it a point of concern (5:40-6:04).
• Gamma and Dark Pool Data: There is significant put wall exposure at 745 and 744 for the SPY, acting as support. The host emphasizes the importance of tracking these levels alongside large dark pool prints for future market direction
