…and oil is back down to $90.
S&P has to pull back and then march towards final peak above this ATH and above 7085 (current danger level -previously I was telling 7050 level). It can go near than danger zone (high resistance) and then suddenly changes direction.
So far, QQQ, SPY and SOXX continue to climb,
Selected AI infrastructure stocks e.g. NBIS continue to climb too.
Today, pull back over, stocks are to go ATH apps 7085 (SPX), and then we get into to volatility!
Tomorrow, OpEx day, market goes up and down, but bullish thereafter. No issues until SPX crosses 7085 (market can go above also, but precarious after 7085).
I will sell around that time and then turn into day trade only when SPX crosses 7085 until a bottom is reached.
Squeezing shorts.
Here is the final update: The SPX can reach 7050 to7085 by Friday or Monday and that looks like the market top.
Then, Market pulls back appx 4% to 4.25% from the peak next week itself (very likely) before next bull run starts
Whatever I purchased, I am planning to take profit asap and stay from market (whether I am right or wrong). No puts, no shorts.
If someone is hesitating to trade, they can just invest ( buy & DCA ) QQQ, SMH whatever money they have. Recently, I analysed a Mutual Fund FSELX (Semi), it is giving Approximately 15.67% to 16.45% YOY growth last 40 years. SMH is similar to it.
Okay, I want to stay away from updating this thread as I do not want to hijack.
Good Luck, happy investing/trading 2026.
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Well - I don’t think anyone anticipated 7125 
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Social media is abuzz with discussions about an imminent market crash.
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P/E’s have been crazy high for years now and market breadth has been narrow. I’m surprised we haven’t had a serious correction already. But when you see bearish sentiment all over that’s when the market grinds higher. When finally even the bears throw in the towel that’s when the market crashes.
Did the decline in the second leg begin, or was it merely a slight pullback?
S&P has yet to hit Tom Lee’s 7300.
NVDA made new ATH.
Four hyper scalars reported yesterday, only GOOG rallied and made new ATH. GOOG’s diversified business strategy is working.
AMZN, MSFT and META declines, META liberally tumbles.
More than one month, market has yet to crash??? Instead, keep making new ATHs.
QQQ has climbed more than 20% from last month’s low.
Anyway, the S&P index is still below the magical number of 7300 that Tom Lee had predicted would initiate a sharp decline of 20%.
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I can’t find any news to account for today’s massive rally.
.
Initially, I believed the buoyant effect is due to the high capital expenditure by hyper scalars. However, from grapevine, I learned that the market sentiment is that the war should end in June or July, and the Strait of Hormuz would be opened.
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