Wednesday Update 6/10

We've profited off both moves 📈📉

I am proud to say we were ready for these drops in the Market Leaders. QQQ gave us a lovely Inside Bar Level of support to watch. Once it lost 713 the drop was on.

In the last 4 days I’ve shared downside opportunities in all of these:

• AMZN: 📉 4% with Puts near 70% so far. It looks like it will tap the 200 EMA

• AAPL: (shared monday) It dropped 4% since. Contracts moved > 70%

• NVDA: 📉 4% today (confirmed). Puts > 50% today

  • NVD: Inverse NVDA confirmed > today

  • SSG: Inverse Semis ETF 📈; This has moved 12% off support in the range

• IWM confirmed below support today

• MS confirmed below yesterday and looks ready to re-test 203.92

I’d be shocked if this didn’t tap the 200 EMA

Confirmed below support today

Shared multiple times this week 📉

But, we’ve been favoring the Long Setups on a few as well:

• FRMI: Get ready for Social Media to be buzzing about this one. I will share more below but, if you’ve been reading my newsletters, you’ll know this has been a high conviction setup for me. They did not shake me out on Friday. I added more.

  

  Isn’t it nice to get in BEFORE the chasers. Patience is rewarded.

• DUOL was shared on Monday. I believe its move is just the beginning

ALOY: I’ve been sharing this one for weeks. On Monday, I shared I’d be willing to stay in it as long as it held 12 support. It tapped that and bounced.

Continuation > 14.15

The Relative Volume Scan did not return much today. The market does not seem to be accumulating much right now. We need to be HIGHLY SELECTIVE with our Longs.

🗒️ None of my charts are a plan to jump in blindly. They are all binary conditionals; trigger + confirmation + 🎯= 🏆.

• White lines are Support/Resistance I’m watching (I set my alert 🚨 there)

  • IF the 🚨 is triggered, I check for confirmation.

  • IF the trigger loses support, I am out (My 🛑 is always on the other side of my thesis). Why have a thesis if I don’t follow it?

• Red lines are 🎯s where I scale out(then I set my 🛑 to guarantee a winning trade)

What is an A+ setup to me? (Explained here)

• I share charts; not financial advice. What you do with this info is up to you.

My Current Top 8 🗓️

Note: If you’re looking for more charts, check out my X Feed (Link). UVXY is up and Indices are Dropping. However, that does not necessarily mean we will have a “crash.” We could just be seeing some money rotating AND liquidity opening up for the major IPOs we are set to see in 2026 (SPCX and Open AI notably).

🔁 VELO; Velo3D 🖨️

Thesis: Breakout from a Falling Wedge with High Volume. This could be one of the charts that benefits from the SpaceX IPO. I’m in. I shared in Substack Threads today.

🔁 Note: I will use this emoji to indicate if I am still swinging 🔁

🎬 I will use the “begin” emoji to show if I’m looking to start a new position

It has already traded with SpaceX headlines

• VELO ripped on the filing news: on May 21, coverage explicitly called out Velo3D extending its rally “on SpaceX IPO optimism” as traders bet on the “capacity buildout” theme tied to NASA and U.S. Space Force and their expansion plans.

• The rationale: the IPO filing refocused attention on the upstream manufacturing/supply‑chain names that could benefit if SpaceX ramps production and capex, and VELO was one of the small‑cap advanced‑manufacturing proxies traders reached for.

How SPCX IPO could impact VELO

• Sector sentiment & flows: SpaceX’s listing (targeting June 12, at a ~75B raise and up to roughly 1.75–2T valuation) is being billed as the largest IPO ever and is already forcing investors to “rethink how they value the space economy.”

• Space basket bid: Reuters and others note that U.S. “space stocks” have been bid up into the IPO as investors rotate into anything levered to launch, satellites, and off‑planet infrastructure. VELO sits squarely in that narrative as a picks‑and‑shovels additive‑manufacturing play for aerospace and defense.

🔁 My personal plan: I will continue to swing commons as long as 21.60 holds

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