06.03 US Stocks: SPX short-term support at 7559, if it can't hold by the close, reduce position by 1/4, further support levels at 7520, 7460 (strongest). The broader market is experiencing a minor pullback.
$SPDR S&P 500(SPY.US) $NVIDIA(NVDA.US) $Rocket Lab(RKLB.US)
Everyone is quite concerned about MSFT, as it relates to the trend of the entire software stock sector. The short-term support level at 433 has already been broken. The strongest support is at 423~425 (where holdings are concentrated). If it falls below 423, reduce positions further.
A sharp drop in SPX is unlikely. The worst-case scenario is a pullback to 7460. The short-term support levels are 7559, 7520, with the strongest support at 7460. If the market doesn't hold above 7559 by the close tonight, reduce positions by a quarter.
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