# A New Number 1 From Wall Street…
**Date:** 2026-06-09  
**Source:** [YouTube](https://www.youtube.com/watch?v=L7e12xETsSg)

## Main Thesis
The market is showing signs of extreme volatility and potential traps, with significant dark pool transactions and historical data suggesting caution, especially as key support levels are tested across various indices and commodities.

## Charts & Technical Analysis

### 1. EWY (iShares MSCI South Korea ETF) (daily)

**Bias:** BEARISH
**Pattern:** large red candle after an uptrend
**Key Levels:** 180.00 support, 190.00 resistance, 200.00 resistance, 210.00 resistance, 220.00 resistance

The chart shows a significant drop in EWY, marking a 'monster transaction' in the Korean market and hardware trade. This is highlighted as a 'number one' event, indicating extreme movement. The price fell sharply after hitting resistance around 220.00, breaking below the 20-day and 50-day moving averages. The speaker notes this as a potential trap set by Wall Street.

### 2. AAPL (Apple Inc.) (daily)

**Bias:** BEARISH
**Pattern:** liquidity swipe above previous high, followed by sharp decline
**Key Levels:** 316.95 stop loss swipe level, 301.54 current price, 300.00 support

Apple's chart shows a 'stop loss swipe' above 316.95, where the price briefly moved above a previous high before a sharp rejection and subsequent decline. The stock is currently at 301.54, below its 20-day moving average. This is presented as an example of 'traps' being set on key stocks, indicating potential weakness in Magnificent 7 stocks.

### 3. US500 (S&P 500 Index) (4-hour)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** rejection wicks after an uptrend
**Key Levels:** 7565.2 resistance, 7346.6 support, 7427.8 current price

The S&P 500 chart displays 'rejection wicks' after an uptrend, suggesting potential selling pressure. The price is currently at 7427.8, above a support zone around 7346.6. The speaker questions if these wicks indicate further weakness, linking it to the broader market volatility.

### 4. USDJPY (US Dollar / Japanese Yen) (weekly)

**Bias:** NEUTRAL TO BULLISH
**Pattern:** approaching previous intervention level
**Key Levels:** 160.397 resistance, 160.237 current price, 152.000 support

The USDJPY chart shows the currency pair approaching the 160.397 level, which is identified as a previous intervention point by the Bank of Japan. The speaker notes that if intervention occurs again, it could put pressure on treasuries, highlighting the interconnectedness of global markets.

### 5. Nasdaq 100 (daily (log scale))

**Bias:** NEUTRAL TO BEARISH
**Pattern:** significant daily losses while near all-time highs
**Historical Comparison:** similar occurrences during Dot Com Bubble and 2020 Covid Crash

This chart illustrates instances where the Nasdaq 100 lost over 4% in a single day while within 10% of its all-time high. Red dots mark these occurrences. The speaker notes that while such volatility often occurs after markets 'freak out,' it's unusual at the beginning of a high. Historical comparisons show this happened during the Dot Com period and the 2020 crash, but also during rally periods. The speaker emphasizes that this alone doesn't signal a topping market but highlights the importance of recognizing key levels and dark pool trades.

### 6. SOX (Philadelphia Semiconductor Index) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** significant daily fall
**Historical Comparison:** similar occurrences during Dot Com Bubble and March 2020 Covid Crash

The chart shows instances where the Semi's (SOX) fell over 10% on a Friday. Red bars indicate these events. Historically, this has happened during the depths of the Dot Com crash, the 2020 crash, and the topping cycle of the Dot Com boom. The speaker notes that while this is a significant move, it doesn't definitively signal a topping market but warrants attention due to its historical context.

### 7. DRAM (Roundhill Memory ETF) (4-hour)

**Bias:** BEARISH
**Pattern:** dark pool transactions before a fall
**Key Levels:** 68.38 current price, 67.71M @ 68.27, 66.71M @ 67.70, 65.62M @ 67.20, 61.31M @ 66.20, 59.60M @ 65.20, 57.71M @ 64.20, 55.62M @ 63.20, 53.71M @ 62.20, 51.62M @ 61.20, 49.71M @ 60.20, 47.62M @ 59.20, 45.71M @ 58.20, 43.62M @ 57.20, 41.71M @ 56.20, 39.62M @ 55.20, 37.71M @ 54.20, 35.62M @ 53.20, 33.71M @ 52.20, 31.62M @ 51.20, 29.71M @ 50.20, 27.62M @ 49.20, 25.71M @ 48.20, 23.62M @ 47.20, 21.71M @ 46.20, 19.62M @ 45.20, 17.71M @ 44.20, 15.62M @ 43.20, 13.71M @ 42.20, 11.62M @ 41.20, 9.71M @ 40.20, 7.62M @ 39.20, 5.71M @ 38.20, 3.62M @ 37.20, 1.71M @ 36.20, 0.71M @ 35.20, 0.62M @ 34.20, 0.71M @ 33.20, 0.62M @ 32.20, 0.71M @ 31.20, 0.62M @ 30.20, 0.71M @ 29.20, 0.62M @ 28.20, 0.71M @ 27.20, 0.62M @ 26.20, 0.71M @ 25.20, 0.62M @ 24.20, 0.71M @ 23.20, 0.62M @ 22.20, 0.71M @ 21.20, 0.62M @ 20.20, 0.71M @ 19.20, 0.62M @ 18.20, 0.71M @ 17.20, 0.62M @ 16.20, 0.71M @ 15.20, 0.62M @ 14.20, 0.71M @ 13.20, 0.62M @ 12.20, 0.71M @ 11.20, 0.62M @ 10.20, 0.71M @ 9.20, 0.62M @ 8.20, 0.71M @ 7.20, 0.62M @ 6.20, 0.71M @ 5.20, 0.62M @ 4.20, 0.71M @ 3.20, 0.62M @ 2.20, 0.71M @ 1.20, 0.62M @ 0.20

The DRAM ETF chart shows significant dark pool transactions (labeled #1, #4, #6) occurring at the beginning of June, just before a notable price fall. The speaker emphasizes the importance of 'following what they're doing, not what they're saying' when it comes to Wall Street, as these large transactions often precede significant market moves.

### 8. DRAM (Roundhill Memory ETF) (15-minute)

**Bias:** NEUTRAL
**Pattern:** dark pool transactions at lows
**Key Levels:** 68.00 support, 67.00 support, 66.00 support, 65.00 support

This intraday chart of DRAM shows dark pool transactions (#1, #6) occurring near the lows after a price drop. The speaker notes that these large transactions at low levels could indicate a potential bottom or at least a pause in the downward movement. It reinforces the idea of following big movements rather than market narratives.

### 9. MRVL (Marvell Technology Group Ltd.) (15-minute)

**Bias:** BULLISH (SHORT-TERM)
**Pattern:** dark pool transactions at lows, followed by bounce
**Key Levels:** 310.00 resistance, 300.00 resistance, 290.00 support, 280.00 support, 270.00 support, 260.00 support, 250.00 support, 240.00 support

The MRVL chart shows a significant dark pool transaction (#1) occurring at the lows on a Friday, followed by a bounce in the market. The speaker suggests that if the market were to fall below this transaction level, it could signal a more serious downside move. This highlights the importance of these large transactions as potential turning points.

### 10. EWY (iShares MSCI South Korea ETF) (15-minute)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** largest transaction ever recorded at lows, followed by cluster trades
**Key Levels:** 180.00 support, 170.00 support

The EWY chart shows the 'number one transaction ever recorded' on this pair, occurring near the lows on a Friday, accompanied by a cluster of other large transactions. The speaker questions if this is liquidation or a strategic move, noting that it happened at an 'interesting technical level.' This emphasizes the significance of these large institutional flows.

### 11. QQQ (Invesco QQQ Trust Series 1) (15-minute)

**Bias:** NEUTRAL TO BULLISH (SHORT-TERM)
**Pattern:** dark pool phantom print and large transactions at lows
**Key Levels:** 720.00 support, 710.00 support, 700.00 support, 690.00 support, 680.00 support, 670.00 support, 660.00 support, 650.00 support, 640.00 support, 630.00 support, 620.00 support, 610.00 support, 600.00 support, 590.00 support, 580.00 support, 570.00 support, 560.00 support, 550.00 support, 540.00 support, 530.00 support, 520.00 support, 510.00 support, 500.00 support, 490.00 support, 480.00 support, 470.00 support, 460.00 support, 450.00 support, 440.00 support, 430.00 support, 420.00 support, 410.00 support, 400.00 support, 390.00 support, 380.00 support, 370.00 support, 360.00 support, 350.00 support, 340.00 support, 330.00 support, 320.00 support, 310.00 support, 300.00 support, 290.00 support, 280.00 support, 270.00 support, 260.00 support, 250.00 support, 240.00 support, 230.00 support, 220.00 support, 210.00 support, 200.00 support, 190.00 support, 180.00 support, 170.00 support, 160.00 support, 150.00 support, 140.00 support, 130.00 support, 120.00 support, 110.00 support, 100.00 support, 90.00 support, 80.00 support, 70.00 support, 60.00 support, 50.00 support, 40.00 support, 30.00 support, 20.00 support, 10.00 support, 0.00 support

The QQQ chart shows a 'dark pool phantom print' and the 13th and 16th largest transactions of all time occurring near the lows. The speaker suggests this could mean a pause or stabilization in the market, leading to a rally. However, if prices break below these transaction levels, it could signal a serious downside move, potentially triggering negative gamma.

### 12. NDX (Nasdaq 100 Index) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** volatility spikes after market highs
**Historical Comparison:** similar to previous tech bubbles

This chart shows the Nasdaq 100 with highlighted periods of significant daily declines. The speaker notes that while these volatile periods often occur after market highs, they are not always indicative of a market top. Historical examples from previous tech bubbles are shown, suggesting that volatility can persist during rally periods. The speaker emphasizes the importance of watching for continued volatility at the top.

### 13. NDX (Nasdaq 100 Index) (daily (log scale))

**Bias:** NEUTRAL TO BEARISH
**Pattern:** VIX crush signal
**Historical Comparison:** VIX crushes tend to happen closer to market bottoms than tops, making the current situation unusual

This chart analyzes the Nasdaq 100 after a VIX crush signal (VIX > 30% previous-day spline + current close retrace > 30% previous-day spike). The speaker highlights that historically, VIX crushes tend to occur closer to market bottoms rather than tops. The current situation, where a VIX crush happened near market highs, is deemed 'unusual,' suggesting potential weakness despite historical tendencies.

### 14. Gold Price (daily)

**Bias:** BEARISH
**Pattern:** falls below 200-day moving average after 660 days
**Key Levels:** 200-day moving average
**Historical Comparison:** third highest streak above 200-DMA since 1970

The chart shows Gold falling below its 200-day moving average after 660 days, marking the third highest streak since 1970. The speaker notes that 'nothing good happens underneath the 200-day moving average,' quoting Paul Tudor Jones. This is presented as a bearish signal for gold, which is currently in a 'freight train towards the downside.'

### 15. S&P 500 (12-month forward P/E valuation bands)

**Bias:** NEUTRAL
**Pattern:** trading at 21x earnings, below previous peak
**Key Levels:** 22x - 8021, 21x - 7658, 20x - 7291, 19x - 6927, 18x - 6563

The chart shows S&P 500 forward P/E valuation bands. The market is currently trading around 21x earnings, which is still below the 23x peak seen last year. The speaker emphasizes the importance of tracking earnings reports and notes that the market is currently in the middle to upper range of its valuation bands, suggesting neither extreme overvaluation nor undervaluation.

### 16. Fed Funds Rate (monthly (projected))

**Bias:** HAWKISH
**Pattern:** aggregate probabilities favor hikes from October
**Key Levels:** 5.25% upper bound, 3.25% lower bound

This chart illustrates market expectations for the Fed Funds Rate. The aggregate probabilities now favor rate hikes starting from October, with a 50% chance of two or more hikes by April next year. The speaker notes that this shift in expectations has implications for bond markets and treasuries, which will be discussed further.

### 17. S&P 500 June Mid-Term Year Seasonality (1950-2025) (monthly)

**Bias:** BEARISH (SEASONAL)
**Pattern:** June often ends weaker, followed by a calm before the storm
**Historical Comparison:** historical seasonality data from 1950-2025

The chart shows the S&P 500's average price path during June in mid-term election years. Historically, June often ends weaker, with an average change of -2.11%. This period can sometimes mark a 'calm before the storm' before turning negative, aligning with discussions about market seasonality.

### 18. S&P 500 (daily)

**Bias:** NEUTRAL
**Pattern:** positive close after 4%+ down day while within 3% of all-time high
**Historical Comparison:** historical occurrences since 1950

This chart analyzes instances of a positive close after a 4%+ down day while the S&P 500 was within 3% of its all-time high. The speaker notes that while the prior day return was negative, the event day return was positive, and the next day's change was mixed. This highlights the volatility and lack of clear directional follow-through after such events.

### 19. VIX Seasonality (2004-2024) (monthly)

**Bias:** NEUTRAL
**Pattern:** VIX typically low in July, peaks in October
**Historical Comparison:** 20-year average of monthly VIX levels

The chart shows the average monthly VIX levels from 2004-2024. The VIX typically sees its lowest average levels in July, with volatility picking up in August and peaking in October. The speaker notes that the current period (June/July) is generally a 'calm area' before increased volatility, suggesting that the recent market volatility might not be over yet.

### 20. DX1! (US Dollar Index Futures) (daily)

**Bias:** BULLISH
**Pattern:** double bottom pattern, breaking resistance
**Key Levels:** 100.680 resistance, 99.950 current price

The US Dollar Index Futures chart shows a double bottom pattern, with the price breaking above a resistance line. The speaker notes that the dollar was previously ignored but is now showing strength, moving straight to resistance after a period of consolidation. This suggests a potential trend change.

### 21. DX1! (US Dollar Index Futures) (weekly)

**Bias:** BULLISH
**Pattern:** Wyckoff accumulation pattern
**Key Levels:** 100.680 resistance, 97.345 support

The weekly chart of the US Dollar Index Futures shows what the speaker identifies as a 'Wyckoff accumulation' pattern, characterized by a three-base structure and decent volume. The price has broken up to the upside, suggesting a potential long-term bullish trend.

### 22. USDJPY (US Dollar / Japanese Yen) (weekly)

**Bias:** NEUTRAL TO BULLISH
**Pattern:** approaching previous intervention level
**Key Levels:** 160.397 previous intervention level, 160.238 current price

The USDJPY chart again highlights the currency pair approaching the 160.397 level, where the Bank of Japan previously intervened. The speaker reiterates that if intervention occurs, it will put pressure on treasuries, emphasizing the interconnectedness of currency and bond markets.

### 23. TLT (iShares 20+ Year Treasury Bond ETF) (weekly)

**Bias:** BEARISH
**Pattern:** approaching multi-decade lows
**Key Levels:** 83.41 support, 84.62 current price

The TLT chart shows treasury bonds moving down, approaching multi-decade lows. The speaker notes that if the US30Y and US20Y yields continue to rise, it will pressure treasuries. A break below 82-83 could lead to significant downside. This is a key concern, especially if the Bank of Japan intervenes, as it could trigger liquidations in treasuries.

### 24. US30Y (United States 30 Year Government Bonds Yield) (weekly)

**Bias:** BULLISH
**Pattern:** bullish weekly close, maintaining upward trend
**Key Levels:** 5.116% resistance, 5.033% current yield

The US30Y yield chart shows a bullish weekly close, maintaining its upward trend despite recent market volatility. The speaker emphasizes the importance of the bond market and notes that while there aren't 'huge scary reads' yet, the continued upward trend in yields is pressuring treasuries.

### 25. JP10Y (Japan Government Bonds 10 YR Yield) (weekly)

**Bias:** BULLISH
**Pattern:** upward trend
**Key Levels:** 2.706% current yield, 2.212% support

The JP10Y yield chart shows a clear upward trend. The speaker suggests this is an important chart to watch because if it continues to rise at the same time the S&P 500 breaks a key support level, it could bring the next level of equilibrium into play, potentially impacting the weekly 20-moving average.

### 26. NDX (Nasdaq 100 Index) (weekly)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** fall with no follow-through
**Key Levels:** 28750.9 support, 29414.26 current price

The Nasdaq 100 weekly chart shows a significant fall followed by no immediate follow-through. The speaker notes that while the close is key, the market hasn't yet shown a clear structural bottom. If the 28750.9 level breaks, it could lead to a negative gamma event.

### 27. NDX (Nasdaq 100 Index) (4-hour)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** volume profile support
**Key Levels:** 29115.53 support, 29414.26 current price

The 4-hour Nasdaq 100 chart with a volume profile shows the most traded area around 29115.53 acting as initial support. The speaker states that if this level doesn't hold and a daily change of trend occurs, it could lead to a significant downside move.

### 28. NDX (Nasdaq 100 Index) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** fall with no structural bottom
**Key Levels:** 28750.9 support

The daily Nasdaq 100 chart shows a sharp decline, but the speaker notes that a 'structural bottom' has not yet formed. The 28750.9 level is identified as a key support, and a break below it could trigger further downside, potentially leading to a negative gamma event.

### 29. QQQ (Invesco QQQ Trust Series 1) (daily)

**Bias:** NEUTRAL TO BULLISH (SHORT-TERM)
**Pattern:** hit 700.00 and bounced
**Key Levels:** 700.00 support, 716.07 current price

The QQQ daily chart shows the price hitting the 700.00 level and finding a bounce. The speaker notes that 700.00-705.00 is where most of the largest options positions sit, making it a significant support level. This bounce suggests a temporary stabilization, but the overall trend remains uncertain.

### 30. SPX (S&P 500 Index) (daily)

**Bias:** NEUTRAL
**Pattern:** not yet broken previous lows
**Key Levels:** 7346.51 support, 7405.72 current price

The S&P 500 daily chart shows the index has not yet closed below its previous lows, despite recent volatility. The speaker emphasizes that this indicates the market hasn't experienced a 'total freak out' yet. The 7350 level is highlighted as a very important support.

### 31. US500 (S&P 500 Index) (4-hour)

**Bias:** BEARISH
**Pattern:** two rejection wicks
**Key Levels:** 7476.1 options high level, 7335.7 options low level, 7427.8 current price

The 4-hour S&P 500 chart shows two rejection wicks after a bounce, suggesting selling pressure. The speaker indicates that if the market takes out the 'options low level' of 7335.7, it could signal a 'drop base drop' scenario, meaning a more significant downside move. Conversely, a quick spike up and break of highs could indicate a trap.

### 32. US500 (S&P 500 Index) (weekly)

**Bias:** BEARISH
**Pattern:** approaching mean reversion
**Key Levels:** 7100.9 weekly 20-moving average, 7476.1 options high level, 7335.7 options low level

The weekly S&P 500 chart shows the index approaching its weekly 20-moving average around 7100.9, which the speaker identifies as a 'mean reversion' level. If the market closes below the options low level, it could trigger a move towards this mean reversion point.

### 33. US500 (S&P 500 Index) (weekly)

**Bias:** BEARISH
**Pattern:** significant support zones below current price
**Key Levels:** 5803.0 call wall, 5601.3 biggest small timeframe trade level, 5474.3 most traded level, 5386.7 second support/gap fill, 5177.8 support, 4616.8 support, 4359.3 support

This chart highlights various support levels for the S&P 500, including a 'call wall' at 5803.0 and a 'most traded zone' around 5474.3. The speaker emphasizes that these levels represent significant areas of interest for traders and investors, suggesting potential targets if the market continues its downward trend.

### 34. NAS100 (US 100 Cash CFD) (2-hour)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** failed to break 50-exponential moving average
**Key Levels:** 28750.9 support, 29583.0 current price

The 2-hour Nasdaq 100 chart shows the index failing to break above its 50-exponential moving average after a sharp decline. The speaker notes that while the market has bounced from the 28750.9 support, it hasn't shown a 'structural bottom' yet. If this level breaks, it could lead to further downside.

### 35. NAS100 (US 100 Cash CFD) (weekly)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** sharp drop after uptrend
**Key Levels:** 28750.9 support, 29591.8 current price

The weekly Nasdaq 100 chart shows a sharp drop after a significant uptrend. The speaker highlights the 28750.9 level as a key support, noting that if this level is given up, it could force the market towards weekly 20-moving averages, indicating a more significant bearish shift.

### 36. MAGS (Roundhill Magnificent Seven ETF) (weekly)

**Bias:** BEARISH
**Pattern:** weakness after uptrend
**Key Levels:** 65.70 support, 66.53 current price

The Magnificent Seven ETF (MAGS) chart shows weakness after an uptrend, with the price falling below its 20-day moving average. The speaker notes that while it might look solid at first glance, a closer look reveals potential weakness, especially when compared to the S&P 500.

### 37. MAGS/SPY (Roundhill Magnificent Seven ETF / S&P 500 ETF) (daily)

**Bias:** BEARISH
**Pattern:** underperforming S&P 500, potential head and shoulders
**Key Levels:** 0.0900 support, 0.0922 current ratio

The MAGS/SPY ratio chart shows the Magnificent Seven underperforming the S&P 500. The speaker identifies a potential 'head and shoulders' pattern, suggesting further weakness. This underperformance, especially around the time of significant dark pool transactions in DRAM, indicates a rotation out of these mega-cap tech stocks.

### 38. AAPL (Apple Inc.) (daily)

**Bias:** BEARISH
**Pattern:** liquidity swipe of the high, followed by rejection
**Key Levels:** 316.68 swipe level, 301.54 current price

The Apple daily chart shows a 'liquidity swipe' of the high at 316.68, where the price briefly moved above the high before a sharp rejection. The speaker interprets this as a sign of weakness, noting that such price action is 'not a chart that I notoriously like for the bull end,' as it often precedes further downside.

### 39. Net GEX All Expirations for SPX (all expirations)

**Bias:** BEARISH
**Pattern:** negative gamma zone below 7350
**Key Levels:** 7300 put support, 7600 call resistance, 7495 highest volatility level, 7406 spot price

This options chart for the S&P 500 shows a significant 'negative gamma' zone below 7350. The speaker notes that if the market falls below this level, it could trigger further selling pressure as options dealers are forced to hedge their positions, potentially accelerating the downside.

### 40. NET GEX Multi Expirations for SPX (multi-expirations)

**Bias:** BEARISH
**Pattern:** puts could be pressured towards negative gamma
**Key Levels:** 7350 put support

This chart shows Net GEX for multiple expirations of the S&P 500. The speaker highlights that if the market remains below 7350, a large number of puts could be pressured towards the negative gamma side, potentially leading to a cascade of selling. This reinforces the importance of the 7350 level as a critical support.

### 41. Net GEX All Expirations for QQQ (all expirations)

**Bias:** BEARISH
**Pattern:** puts sitting around 700-705
**Key Levels:** 700 put support, 750 call resistance, 716 highest volatility level

This options chart for QQQ shows a large concentration of puts sitting around the 700-705 level. The speaker notes that this aligns with the key support level discussed earlier. If the market falls below these levels, it could trigger significant selling pressure due to negative gamma hedging.

### 42. Net GEX All Expirations for NVDA (all expirations)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** calls sitting around 220-225
**Key Levels:** 185 put support, 220 call resistance, 207.5 highest volatility level, 208.64 spot price

This options chart for NVDA shows a large concentration of calls sitting around the 220-225 level. The speaker notes that the stock has been 'flailing a bit,' and while there are still calls, the overall picture is uncertain, especially given the recent price action.

### 43. Net GEX All Expirations for TSLA (all expirations)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** very volatile stock
**Key Levels:** 350 put support, 450 call resistance, 405 highest volatility level, 408.85 spot price

This options chart for TSLA shows a very volatile stock with calls above 450 and puts below 350. The speaker notes that the stock is 'all over the place' ahead of a potential SpaceX event, making it difficult to read. The overall sentiment is cautious due to high volatility.

### 44. Net GEX All Expirations for SMH (all expirations)

**Bias:** BEARISH
**Pattern:** not much support before 555-560
**Key Levels:** 550 put support, 650 call resistance, 602.5 highest volatility level, 598.2 spot price

This options chart for SMH (Semiconductor ETF) shows that there isn't much support before the 555-560 level. The speaker suggests that if the market sees a fall, it could line up well with the weekly 20-moving average, indicating a potential downside target due to cross-correlations.

### 45. Net GEX All Expirations for IBIT (all expirations)

**Bias:** BEARISH
**Pattern:** large number of puts at 35
**Key Levels:** 35 put support, 50 call resistance, 41 highest volatility level, 35.89 spot price

This options chart for IBIT (Bitcoin ETF) shows a large number of puts sitting around the 35 level. The speaker notes that the market took out a lower low, liquidated shorts, and then rallied slightly. However, it's still early days, and the overall trend is a 'freight train towards the downside.'

### 46. US30Y (United States 30 Year Government Bonds Yield) (daily)

**Bias:** BULLISH
**Pattern:** upward trend
**Key Levels:** 5.032% current yield, 4.923% support

The US30Y yield chart shows a continued upward trend. The speaker notes that while there aren't 'huge scary reads' yet, the consistent upward movement in yields is putting pressure on treasuries. This is a key factor to watch for broader market implications.

### 47. XAUUSD (Gold Spot / U.S. Dollar) (daily)

**Bias:** BEARISH
**Pattern:** downward trend, negative sentiment
**Key Levels:** 4484.03 - 4530.01 most traded zone, 4328.58 current price, 4200 support, 4000 support

The Gold chart shows a continued downward trend, with the price falling below its daily 200-moving average. The speaker notes that sentiment is turning 'incredibly negative' on gold. If the market rallies, there are significant pressure points between 4484.03 and 4530.01, where bears could try to push the price down further.

### 48. SILVER (CFDs on Silver (USD / OZ)) (daily)

**Bias:** NEUTRAL TO BEARISH
**Pattern:** sitting directly on daily 200-moving average
**Key Levels:** 67.8730 current price, 70.2108 daily 200-moving average, 67.8880 support

The Silver chart shows the price sitting directly on its daily 200-moving average. The speaker notes that while there are some support levels around 67.8880, the overall sentiment is negative, and rallies could be met with selling pressure. Patience is advised unless one is on the short side.

### 49. USOIL (CFDs on WTI Crude Oil) (2-hour)

**Bias:** NEUTRAL
**Pattern:** consolidating at lows, needs to hold above 86.50
**Key Levels:** 90.12 current price, 86.57 support

The Oil chart shows the price consolidating at its lows. The speaker notes that oil needs to hold above the 86.50 level. If it breaks below this, it could take the price out of a long-term triangle pattern, leading to further downside. The market is currently news and politically driven, making it volatile.

### 50. USOIL (CFDs on WTI Crude Oil) (2-week)

**Bias:** NEUTRAL
**Pattern:** large triangle pattern
**Key Levels:** 91.51 resistance, 105.97 resistance, 129.20 resistance

The 2-week Oil chart shows a large triangle pattern. The speaker notes that a break below 86.50 could take the price out of this pattern, indicating a significant move. The market is currently at a critical juncture within this pattern.

### 51. SMH/SPY (SMH / S&P 500 ETF) (daily)

**Bias:** NEUTRAL TO BULLISH
**Pattern:** came down to 20-moving average
**Key Levels:** 0.7784 support, 0.8092 current ratio

The SMH/SPY ratio chart shows the semiconductor ETF (SMH) coming down to its 20-moving average. The speaker notes that semiconductors are the 'backbone of the market' and are still going up. This suggests that while there was a pullback, the underlying strength in semiconductors remains.

### 52. SNDK (Sandisk Corporation) (daily)

**Bias:** NEUTRAL TO BULLISH
**Pattern:** holding 20-daily moving average
**Key Levels:** 1591.21 support, 1642.00 current price

The Sandisk Corporation chart shows the stock holding its 20-daily moving average after a pullback. The speaker emphasizes the 'keep it simple smart' principle, noting that holding this moving average indicates continued strength in this important hardware stock.

### 53. XLV (State Street Health Care Select Sector SPDR ETF) (daily)

**Bias:** BULLISH
**Pattern:** showing signs of strength after pullback
**Key Levels:** 144.39 support, 152.65 current price, 154.43 resistance

The XLV (Healthcare ETF) chart shows signs of strength after a pullback, with the price moving up towards resistance. The speaker notes that healthcare was one of the 'most hated, worst sectors' for a long time but is now showing strength, indicating a potential rotation in the market.

### 54. XLE (State Street Energy Select Sector SPDR ETF) (daily)

**Bias:** NEUTRAL
**Pattern:** choppy consolidation
**Key Levels:** 57.42 support, 58.33 current price, 60.59 resistance

The XLE (Energy ETF) chart shows the sector holding relatively well but in a very choppy consolidation pattern. The speaker notes that metals have also come off their highs, suggesting a lack of clear direction in commodities.

### 55. COPPER (CFDs on Copper) (daily)

**Bias:** BEARISH
**Pattern:** rejected from highs
**Key Levels:** 6.3317 current price, 6.4023 resistance

The Copper daily chart shows the price being rejected from its highs. The speaker notes that 'Doctor Copper' is looking 'nasty,' with a strong rejection after a bullish move. This suggests potential weakness in industrial metals.

### 56. COPPER (CFDs on Copper) (weekly)

**Bias:** BEARISH
**Pattern:** two rejections off the top (tweezers)
**Key Levels:** 6.3309 current price, 6.6887 resistance

The Copper weekly chart shows two rejections off the top, forming a 'tweezers' pattern. The speaker notes that this rejection is 'not ideal' and, while the trend is still technically bullish, the strong rejections indicate significant selling pressure.

### 57. NVDA (NVIDIA Corporation) (weekly)

**Bias:** BEARISH
**Pattern:** swipe to the downside after uptrend
**Key Levels:** 208.64 current price, 230.10 resistance
**Historical Comparison:** similar to Apple

The NVIDIA weekly chart shows a 'swipe to the downside' after an uptrend, similar to Apple. The speaker notes that this price action, where the market moves up and then sharply reverses, is a sign of weakness. This aligns with the broader theme of potential traps in the market.

### 58. NVDA (NVIDIA Corporation) (daily)

**Bias:** BEARISH
**Pattern:** swipe to the downside
**Key Levels:** 200.73 support, 208.64 current price, 220.00 resistance
**Historical Comparison:** exactly when Cathie Wood bought

The NVIDIA daily chart shows a sharp swipe to the downside. The speaker notes that this occurred 'exactly when Cathie Wood bought,' which he finds 'a little disturbing.' This highlights the potential for institutional players to be caught in market traps.

### 59. META (Meta Platforms, Inc.) (daily)

**Bias:** BEARISH
**Pattern:** lower low, not strong
**Key Levels:** 585.39 current price, 600.00 support, 625.00 resistance, 650.00 resistance, 675.00 resistance, 700.00 resistance

The Meta Platforms daily chart shows the stock taking a lower low, indicating weakness. The speaker notes that Meta is 'not that strong' at this stage. If the stock were to break above previous highs, it could turn bullish, but currently, the price action suggests caution.

### 60. AAPL (Apple Inc.) (weekly)

**Bias:** BEARISH
**Pattern:** swipe of the high, followed by rejection
**Key Levels:** 316.86 swipe level, 301.54 current price

The Apple weekly chart again shows a 'swipe' of the high at 316.86, followed by a sharp rejection. The speaker reiterates that this is a sign of weakness and not ideal for a bullish outlook, reinforcing the idea of market traps.

### 61. BTCUSDT (Bitcoin / TetherUS) (weekly)

**Bias:** NEUTRAL TO BULLISH (SHORT-TERM)
**Pattern:** swipe of the low, followed by bounce
**Key Levels:** 60010.99 support, 63250.89 current price

The Bitcoin weekly chart shows a 'swipe' of the low at 60010.99, followed by a bounce. The speaker notes that this is common when a market takes out a lower low, often leading to a spike back up due to liquidation of shorts. However, it's still early days, and the overall trend is a 'freight train towards the downside.'

### 62. BTCUSDT (Bitcoin / TetherUS) (daily)

**Bias:** NEUTRAL TO BULLISH (SHORT-TERM)
**Pattern:** spike back up after liquidation
**Key Levels:** 60010.99 support, 63250.90 current price, 71161.50 resistance

The Bitcoin daily chart shows a spike back up after a massive amount of liquidation around the 60010.99 level. The speaker notes that this is due to the creation of 'huge amounts of liquidity.' However, the price hasn't yet broken through previous lower highs, indicating that it's still early days for a sustained rally.

### 63. BTCUSDT (Bitcoin / TetherUS) (4-hour)

**Bias:** BEARISH
**Pattern:** freight train towards the downside
**Key Levels:** 60010.99 support, 63251.45 current price, 68427.57 resistance

The Bitcoin 4-hour chart shows a 'freight train towards the downside,' with a series of lower lows and lower highs. The speaker notes that while there has been a bounce from the 60010.99 support, the market hasn't broken through the previous lower highs, indicating continued weakness. The 65k level is highlighted as a key area of focus.

## Regime / Cycle Analysis
The market is characterized by high volatility, with significant institutional flows (dark pool transactions) and liquidity swipes influencing price action. There's a focus on cross-correlation between different asset classes (equities, currencies, bonds, commodities, crypto) to understand the broader market picture. Seasonal weakness in June for the S&P 500 is noted, and market expectations for Fed rate hikes are shifting towards a hawkish stance from October. The VIX seasonality suggests a calmer period in summer before increased volatility. The speaker emphasizes that while some individual assets might show short-term bounces due to liquidations, the overall market structure and historical patterns suggest caution, especially with key support levels being tested and potential negative gamma events looming.

## Key Calls & Predictions
- Practice risk management and understand the abundance mindset.
- Recognize that markets trap you into making poor decisions.
- Watch for continued volatility at the top of the Nasdaq.
- Monitor the 28750.9 support level on the Nasdaq 100 for a potential negative gamma event.
- Observe the 7350 support level on the S&P 500 for potential downside acceleration.
- Track the US Dollar Index for a potential trend change after a Wyckoff accumulation pattern.
- Watch for Bank of Japan intervention in USDJPY, which could pressure treasuries.
- Be cautious with Gold, as it has fallen below its 200-day moving average and is in a 'freight train towards the downside.'
- Monitor earnings reports for S&P 500 as a key factor for market direction.
- Be aware of the shifting market expectations for Fed rate hikes, favoring hikes from October.
- Watch for a break below 86.50 in Oil, which could lead to further downside.
- Recognize signs of weakness in Magnificent 7 stocks like Apple and NVIDIA, indicated by liquidity swipes and underperformance.
- Be cautious with Bitcoin, as it's in a 'freight train towards the downside' despite recent bounces from liquidation events.

## All Instruments Mentioned
EWY, AAPL, US500, USDJPY, Nasdaq 100, SOX, DRAM, MRVL, QQQ, NDX, Gold Price, S&P 500, Fed Funds Rate, TLT, US30Y, JP10Y, NAS100, MAGS, MAGS/SPY, SNDK, XLV, XLE, COPPER, NVDA, META, BTCUSDT, SILVER, SMH/SPY, IBIT

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*Generated by FX Evolution Monitor on 2026-06-09 20:01:30*