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SPCX Options Launch, Micron PT Upgrades & S&P 7,533 Pivot
Description
Here is the trade setup for the Tuesday open.
🚀 SpaceX (SPCX) - Pre-market surges over 10% to $212.40 as standardized options launch today, gearing up for a major retail gamma squeeze with eyes on $220.00.
📉 Dave & Buster's (PLAY) - Plunging 15% to $10.50 after a brutal Q1 earnings miss with EPS collapsing to 16 cents.
🚀 Micron (MU) - Gapping up to $1,113 following a massive price target raise to $1,600 at Aletheia Capital.
🚀 Qualcomm (QCOM) - Up 4% pre-market to $229 on an "agent-first" AI hardware pivot and rumored $10B Tenstorrent deal.
Key Support & Resistance Levels:
🔔 S&P 500 (/ESM26): Bull breakout confirmation at 7,611 | Bear line in the sand pivot at 7,533.
🔔 Nasdaq 100 (/NQM26): Daily pivot resistance at 30,812 | Defensive support line at 30,106.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.