$SPY (-1.35%) already broke under 20SMA at $746 and today retested it. It failed again.
It will need to defend this $730-$732 area this week. CPI is on Wednesday and so is $ORLC earning.
50SMA is at $715. There's a high chance we test this area next week close to June 17 FOMC with Kevin Warsh as new chair.
Most traders don't realize but for the next 5-10 years owning assets and stocks is the way to be free.
Today, CEO $NVDA (-1.52%) said to buy $QCOM (-2.78%) and a few weeks ago he said $NOW was undervalued and $MU is the bottle neck. President Trump wants you to add $IBM $INTC $DELL $MU $IONQ $RKLB $NOW $ONDS. Elon Musk wants you to buy $SPCX $TSLA
Anything under $SPY (-1.35%) 700 is a gift.
