Market Gap Up: SPX, QQQ, AMD, ARM, MU, SNDK Analysis
Big gap up today in the market.. $SPX will open up near 7700, $QQQ is up almost 7 pts premarket, Both are gapping into hard resistance levels.. If SPX can breakout above 7700 this week we can see a run to 7800+, $QQQ to 735 in play by next week if it runs again. $AMD near the ATH at 584.. AMD setting up for a move to 600, $ARM to 300 coming next as long as 272 holds.. $MU possible we see 1250+ after earnings on Sept 30th, its gapping up 20 premarket, best ot see it holds 1k support level, $SNDK winding up for 2000+ as well. The market is gaining some momentum to the upside finally. Be careful chasing the gap at the open!!
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