US 10-year yields breaking 5.34% to a 24-year high set up the video’s core warning: high rates threaten expensive equity valuations, and Friday’s September jobs report is the next catalyst for either more bond-market pressure or a relief move. The market reaction to better-than-expected weekly jobless claims was still a selloff before a partial rebound, keeping SPY pinned to a 764 support/trapdoor level while RSI and channel work point to a possible flush if the report comes in hot. MU is the other focus: the stock has already delivered an enormous 2025-2026 run, but the next move now hinges on whether it can hold above 11:08 and 902, or whether a failed breakout turns it into a sell-the-rip setup with much deeper downside. The broader stance is mixed-to-bearish: the video still respects powerful momentum names, but says easy money is behind us and the market is one strong jobs number away from a sharper risk-off break.
US 10-year yields broke 5.34%, a 24-year high, tightening borrowing costs and making rich equity valuations harder to defend.
Friday’s September jobs report is the key macro trigger: hot hiring and wages could push yields higher and force more Fed hikes this year; cool data could keep rates status quo and extend the rally.
Weekly initial jobless claims came in better than expected, implying layoffs stayed low, but the market still sold off before grinding up off the lows.
SPY lost 764, then bounced; the level is framed as the key support/flush trigger going into Friday, with a break opening a “trapdoor” to the bottom of an ascending channel.
RSI setup on SPY is compared with prior major flushes: a move back under the 60% RSI area and opening/closing below it would open the door to a drop toward 40% on the weekly RSI timeframe.
Michael Burry closed all of his shorts and rotated into puts at higher risk, a move framed as extreme bearishness because the premium can be lost if the decline arrives later than expected.
MU is said to have risen 239% in 2025 and another 285% in 2026, then fallen 40% from the highs before rebounding 50% off the floor.
MU posted quarterly revenue of 54.23 billion, up 379% year over year as stated here, and adjusted earnings of 3342 per share versus 303 a year earlier; next-quarter revenue guidance was 61.5 billion at the midpoint, implying another 13% sequential increase.
The best MU trade this year is described as buying below 745, averaging around 729, enduring a drop to 710 in the aftermarket, then riding a three-week rip to 1,000 and taking most profits near 900.
MU’s bullish continuation now depends on two daily closes above 11:08; the segment calls 11:08 the most important resistance because it marks a prior candle cluster high.
If MU fails to hold above 11:08 and loses the neckline around 10:30, it is said to retest 902; losing 902 would make the trade fall apart and could trigger a much larger move back toward 400.
An inverse head-and-shoulders is said to have confirmed, with a measured move to 1,290 if the neckline breakout holds.
Monthly RSI on MU is used as a warning: after past moves above 70%, a break below the yellow moving average and then below 60% led to a big pullback; now MU is back under that yellow line and losing 70% is framed as opening downside toward 60%, 50%, and 40%.
The bottom line on MU is that demand may still absorb new capacity, but easy money is behind us, momentum looks spent, and bulls vs. bears is now a consolidation fight likely to be resolved in 2026.
The creator says there is no current MU position except through indexes and would only want back in on a huge discount.