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Judging from SPY’s weekly chart, it’s basically already unable to rise anymore.
Just like in April 2025, a double top is about to form, and a sharp drop is coming immediately.
The trigger should be an interest rate hike.
The pullback of 20%, meaning it will fall back to 600 again.
Don’t say I didn’t warn you in advance.
It’s moving in sync with the semiconductor pullback.
So for SNDK to reach 1000, you can only hope it ends quickly.