Now that we are through CPI numbers, be ready for many pops, drops, and premium crushing with OPEX (Options Expiration) on Friday after the close. For the bigger picture, the S&P 500 (/ES) is at a major Point of Control (POC) level. My main target is the structure that’s been extended from April.
In this week’s update, I discuss potential setups on NVDA and AMD that the Taiwan Semiconductor (TSM) earnings release on Thursday morning could turn into play.