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MU Squeeze, QCOM Deal & PCE Alert: Key Levels for Thursday
Season 4
Episode 57
Published 2 weeks, 1 day ago
Description
Here is the trade setup for the Thursday open.
🚀 MU (Micron): Exploding 17% pre-market after crushing Q3 and guiding next-quarter revenue to a massive $50B.
💻 QCOM (Qualcomm): Jumping 11% on its Meta data center CPU deal and Modular AI acquisition.
🍔 WEN (Wendy's): Up 12% on high-volume meme-stock squeeze action.
📊 The Levels: /ES (S&P 500) resistance sits at 7,491 - 7,500, with support at 7,452 - 7,472. /NQ (Nasdaq 100) resistance is 30,260 - 30,450, with key support at 29,650 - 29,800.
Watch the upcoming PCE print closely to see if this tech rally hits a macro wall.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.