Friday Was the First Real Market Break Since March. Tim Knight Says Wednesday and SpaceX Are Next

Over the weekend Tim Knight posted a specific target for where SMH would bounce on Monday. Today it hit that level to within a fifth of a percentage point. He immediately sold his entire long position and bought an irresponsibly large block of SOXS. He now has 35 short positions. XLK and SMH both broke their uptrends from the March bottom on Friday and those trend lines are now acting as resistance. Nvidia is back deep inside its old range and Tim notes that Nvidia product is reportedly stacking up in warehouses not yet deployed. Bitcoin bounced off $60K but his target is still $40K. CPI hits Wednesday pre-market and SpaceX IPO is Friday. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Friday was the first real break since March 1:00 Tim called SMH target to a fifth of a percent 2:30 Sold the long and bought SOXS immediately 3:30 XLK trend line broken and now resistance 5:00 SMH hitting the predicted ceiling 6:30 Nvidia stumbling back into old range 8:00 Channel stuffing risk: the Nvidia thesis 9:30 Bitcoin bounces off $60K, target still $40K 11:00 MSTR and BITI update 12:00 Gold, palladium, and precious metals 13:00 TLT puts and bonds heading lower 14:00 CPI Wednesday and SpaceX Friday #TimKnight #SMH #Semiconductors #SOXS #tastylive #Nvidia #Bitcoin #SpaceX tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.