MU is the main setup: 861 is the line to reclaim and hold, with 805 as stop-loss support, after price flushed to 800-805 and rebounded to 861; whales are framed as loading calls and paying the ask. The broader market is treated as broken on SPY/ the S&P 500 below 745, with 755 the do-or-die reclaim for a shot at new highs, while next week is positioned for puts and inverse ETFs unless price repairs. A Fibonacci framework is used to justify upside in AAPL, a profitable NFLX dip-buy from the $65 buy zone, and a bullish read on MU after an 18% drawdown and a BofA memory upgrade saying AI hardware infrastructure spending is not slowing. The last segment stays constructive on MU, NFLX, and MSFT, but only if MU can reclaim 861 on Monday.
SPY broke beneath 861 and 745, with 861 flagged as the first trouble level and 745 as the breakdown line; the market opened and closed below 745, confirming the break in the segment.
MU cut through 861 without bouncing, then sold into the 800-805 support zone in post-market and pre-market before rebounding back to 861.
MU’s next test is whether it can hold 861 into the last 30 minutes before the close; 805 is the stop-loss level, and the plan is to add only if MU reclaims and holds 861 on Monday.
Whale activity in MU is framed as “call, buy, and ask”: calls are being loaded, and whales are willing to pay the ask to get filled fast so they do not get left behind.
AAPL bounced in the “golden pocket,” then reached all-time highs; a trend-based fib extension put 336 on the chart, and AAPL hit 336 in post-market before pulling back.
NFLX was expected to print heavy red downside candles until bears got exhausted; instead it dipped to $65, the ideal center of the buy zone, then bounced to around $69.
NFLX’s trade plan is to keep the dip-buy running with a stop just beneath $65, which is described as previous resistance turned support.
Michael Berry turned bearish on MU about 14 days before the segment, and MU then fell 18%, a move framed as a capitulation buy point.
BofA upgraded memory and said AI hardware infrastructure spending is not slowing down, supporting the view that demand will pull buyers back in before the next earnings, which is still a fair ways away.
The next couple months on MU are expected to be higher, not lower, and the speaker says the market is not in the bulls’ camp until MU reclaims 861 and holds it.
The S&P 500 setup is bearish unless it gets back above 755 for a shot at a new all-time high; next week’s confirmation model uses the “two candle rule” with one candle crossing the 20-day EMA and a second opening and closing below 745.
The 20-day EMA is identified as the purple line, and the claim is that there are no times the market crosses it and does not go lower.
The trading plan “beyond high alert” is to make money through puts and inverse ETFs if the market stays weak.
The portfolio stance is still constructive on MU, NFLX, and MSFT, with memory named as the part of the rally to lean into if choosing any segment of the move.
Core discipline is framed as protecting capital and using a stop loss, rather than jumping in on the first red candle.