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- Newsletter 06/05/2025
Newsletter 06/05/2025
Newsletter 06/05/2025 Sponsored by SpeedTrader
Mitchell Hennessey
June 05, 2025
Quote of the day: "I used to think I was indecisive, but now I'm not too sure." -Anonymous
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CRWV - some expansion. Still not enough. Need a few days of like $30 candles to the upise and the last day to have close to 100 mil in volume. This can go on for a long time but when the music stops IMO you can have a 50….70 pt down day if we continue higher
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SPY: Pop a few minutes ago on news that “XI, TRUMP HOLD CALL: CHINESE STATE MEDIA”
We are stalling up here. “we” the market will release a ton of energy and given that we are sitting on 600s doorstep my bias remains down. THAT BEING SAID the highest % opportunity for me is a blow out and rejection day. It also could just end up being a sell day where no bid is in sight…
IMO - IF this 528.33 (on QQQ), 596.54 (on SPY) does not hold we could get a decent sell but I would be cautious sizing in as this has been a key player. I think I would rather look to add on pops because once we are confirmed selling.. 528.33 should turn into a brick wall…
The other option is slow grind up today which would lead to fireworks tomorrow (favorable of this as well). Just be safe… Zooom out and look at the chart on the 1 hour… save your bullets
SPY No interest: 596.54 - 598.50 |
Above Targets: First target is 599.93 Second target is 601.1 Third target is 604.7 Reach Target is 606.8 |
Below Targets: First target is 594 second target is 592.28 third target is 590.52 Reach Target is 588.34 |
QQQ: No Interest 528.33 - 530.68
Above Targets: First target is 532.1 Second target is 533.6 Third target is 535 Reach Target is 537.8 |
Below Targets: First target is 526.48 second target is 523.3 third target is 521.13 Reach Target is 518.53 |
SpeedTrader, Inc. is not affiliated with third-party educators or service providers. Any investment decisions made by the user through the use of such content is solely based on the user’s independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. SpeedTrader, Inc. does not endorse, offer nor recommend any of the services provided by educators or service providers. Any information used to execute any trading strategies is solely based on the independent analysis of the user. |
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GOOD LUCK AND BE SAFE
H.H
“Hazard Zet Forward”
PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I could be buying or selling any ticker mentioned at any time. One more time - I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.