I am personally not a fun of the type price action we observed yesterday on MU. Big volume, tired bidding.

I lean towards the idea that late bulls could be trapped, and if today’s session trades heavily below yesterday’s low (watching the close), I do not exclude a sell-off in SPY towards the $715 handle, the same level I flagged a couple of days ago alongside the NVDA selling pressure.

Still holding the VXX long exposure, while I am only long DINO and FLEX, both in the money and manged very strictly.

I am obviouly aware of this administration inclination to provide a floor to this market with weekend’s new, hence I am trading light at the moment.

The goal is protecting a good month, while assessing the situation with peace of mind and curiosity.