Video summary

📈 [LIVE] PRE-MARKET LIVE STREAM | Flash Sale on Semiconductors | $MU Earnings Tomorrow!

Main summary

Key takeaways

Finance

Finance-focused Summary (Pre-market / Trading Plan)

Macro / Event Backdrop

  • Primary catalyst: MU earnings tomorrow (Micron Technology)
    • Expectation: “risk off” and a semiconductor/memory sell-off into the event.
  • Additional driver for overnight weakness: weak large-cap tech
    • Mentioned: Google (GOOG) and Meta (META) were weak the prior day.
  • Key macro reference levels:
    • FOMC low on Nasdaq futures
    • FOMC low / ES level on S&P 500 / ES

Markets & Instruments Discussed (Tickers)

  • Nasdaq 100 futures (key levels referenced: 29,923, 29,749, 30,250–30,337, 29,330–29,250, etc.)
  • ES (S&P 500 futures)
    • Key level around 7,600
    • Later referenced: ~7,472 as the FOMC low
    • Targets mentioned: 7,350 / 7,335
    • Mentions of daily 50
  • QQQ ETF
  • SPY ETF
  • IWM ETF (Russell 2000)
  • SMH ETF (Semiconductor ETF)
  • Individual/semi equities mentioned:
    • MU, TSM, AMD, NVIDIA, Tesla (TSLA), AVGO, MRVL, ARM
  • DRAM (discussed conceptually; no explicit ticker beyond “DRAM”)
  • Gold (price zones referenced; no contract/ticker specified)

Key Technical Levels / Framework (How Trades Were Framed)

The speaker repeatedly bases trades on predefined “key levels” and focuses on price action at those levels—emphasizing that levels alone aren’t profitable. Entries depend on acceptance/rejection.

Methodology / Checklist

  • Mark demand zones (support) and supply zones (resistance) on intraday charts.
  • Use inflection levels such as:
    • Labeled levels like “FOMC low”
    • Prior highs/lows
    • Daily moving averages like daily 20 / daily 50
    • Volume-profile “air pocket/void” areas
  • Trade bias logic:
    • Reclaim key level(s) → potential upside continuation / gap-fill
    • Fail/reject key level(s) → likely downside continuation
  • Trade styles mentioned:
    • Scalp / dead cat bounce off demand if levels hold
    • Continuation trade requires reclaim of the FOMC low / Wednesday low
  • Risk management notes:
    • Longs: stop at break-even (BE); manage exits toward profit/BE
    • Avoid shorting directly into demand unless there’s quality rejection, then a break/retest setup

Specific Intraday Trading Calls & Scenarios

Nasdaq Futures (Primary Focus)

Overnight / Premarket Tone

  • Reported early downside:
    • Short from 30,667 → 29,749 (about ~900 points from the cited high)
    • Later note: move could have been larger; references roughly ~700 points as realized range vs potential.
  • Current position:
    • Long at 29,764
    • Up about ~130 points
    • Position P&L referenced around ~$8,000

Major “Decision” Levels

  • FOMC low: 29,923 (“magic number today”)
    • If price stays under 29,923 → expect downside pressure
    • If price reclaims 29,923 and reclaims Wednesday lows → higher-quality long / continuation bounce
  • Demand zone: 29,748–29,850
    • Long described as being “at key demand level”
  • Break level / next downside void: 29,749
    • If 29,749 breaks → aggressive downside toward ~250 spot
    • Risk could extend toward lower targets (as described by the speaker)

Downside Targets

  • Daily 50 region: 29,330–29,250 (hourly/continuation watch)

Proposed Short Trigger

  • If there’s a bounce and price pops into resistance, a fade short was suggested around:
    • 30,250–30,337
    • Specifically: daily 20 break/retest failure
    • Referred to as a “number one trade opportunity” if upside pop occurs

QQQ

  • Treated as mirroring the Nasdaq setup.
  • Key trigger:
    • Wednesday low area: 720.85–723 (said to have been rejected pre-market)
  • Downside expectation:
    • If it stays under that level → target 711–713
    • Further down: 705 (tied to a CPI high reference)
  • Bias caveat (bigger picture):
    • No long if below Wednesday lows
    • Only “cheeky/scalp” demand longs if price action justifies it

S&P 500 (ES / SPY)

Key Levels (ES)

  • Daily 20 / 7,600 referenced earlier as a failure point (“smacked”)
  • FOMC low on ES: ~7,472.25 (also referenced as 7472 / 7472.25)

Weakness Condition

  • If market remains below Wednesday low / FOMC low → downside expected

Downside Targets

  • 7,460–7,470 (retest/failure context)
  • Then 7,350 / 7,335
    • Speaker notes “not much stopping downside here”

Upside Flip Condition

  • If price reclaims FOMC lows / Wednesday low across indexes → “flip to upside”
  • A major regain:
    • Reclaiming daily 50
    • Potential move back toward 7,506–7,512

SPY

  • Demand zone mentioned:
    • 731–733.50 (linked to daily 50)
  • Downside path if demand/daily 50 fails:
    • 742–743 would be a reclaim level for upside
    • Otherwise, if SPY breaks below 732 → toward 731, then down toward 721–724 demand

IWM (Russell 2000)

  • Speaker’s stance:
    • Previously bullish/sold into strength: “awesome squeeze”
    • Now: “lay low” and take profits due to weakness
  • Caution:
    • If Nasdaq breaks down, IWM likely falls further too
    • Mentioned uncomfortable areas: daily 20 and ~287 (not a preferred entry)

SMH (Semiconductors ETF) — Key Bearish Trigger

  • Major level:
    • 640–642
  • Bearish condition:
    • If SMH fails 640–642 → expect move toward 613–617
    • Also noted: potential retest of daily 20 SMA
  • Later development:
    • As Nasdaq broke 749, SMH described as the “top watch of the day” for driving lower market action

Semiconductor / Memory Single Names (Earnings Risk Emphasized)

DRAM (Conceptual)

  • If under ~72.75 (or 72 7350 zone) → weakness toward ~67.23
  • Under 67.23 → possible gap fill toward 65
    • Gap described between 67 and 65

TSM

  • Failure/rejection point around ~450
  • If 448–450 fails → short toward 443 (context of daily 20 target)

AMD

  • Speaker likes AMD back near 500–505 (daily 20 noted)
  • Framed as a potential buy-in-weakness setup if the market stops panicking

MRVL

  • After failing all-time highs:
    • Watching 272–275
    • Daily 20 lagging noted as a monitoring reason

ARM

  • Notes ARM daily 20 alignment
  • Implies daily 20-focused entry areas

MU

  • Reinforced: MU earnings this week is the “big decider”

Gold (Risk-Off / Technical)

  • Mentioned clean shorts.
  • Key referenced rejection zone:
    • 41.50xx–41.38 (given as “4150 4138”)
  • Trade idea:
    • If gold rejects 4150–4138 (and Friday lows) → expect further downside
  • Linked caution:
    • Nasdaq short entries at 749 could be “trappy” (short trap risk if price wicks/reclaims)

Explicit Performance / Outcomes Mentioned

  • Nasdaq futures
    • Long at 29,764, up about ~130 points
    • P&L mentioned around ~$8,000
  • IWM
    • Claimed ~$4,200 profit
    • Setup referenced as posted on X (“June 18 / June 22” tweets mentioned), closed next day (exact timing slightly ambiguous)

Disclosures / Promotions (Non–Financial Advice)

  • No explicit “not financial advice” disclaimer appears in the subtitles.
  • Promotional disclosures mentioned:
    • Vanquish funded-options provider: 35% off using code “Desi”
    • Lightspeed broker: 50% off commissions
    • TradingView indicator planned to be added to Thinkorswim “soon”

Key Numbers to Remember (High-Level)

  • Nasdaq futures:
    • 29,923 (FOMC low), 29,749 (break)
    • Demand: 29,748–29,850
    • Upside areas: 30,250–30,337
    • Lower targets: 29,330–29,250
  • QQQ:
    • 720.85–723 (Wednesday low area)
    • Targets: 711–713, then 705
  • ES / S&P:
    • ~7,472.25 (FOMC low)
    • Targets: 7,350 / 7,335
  • SMH:
    • 640–642 (must hold) → if fails then 613–617
  • TSM:
    • Failure 448–450 → toward ~443
  • Gold:
    • Rejection zone: 41.50xx–41.38

Presenters / Sources

  • Presenter / speaker: Desi (repeated name references; appears to be the host)
  • Sources referenced: TradingView, Thinkorswim, and X (Twitter) (for the IWM post)

Original video