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📺 THE STOCK MARKET IS HIDING SOMETHING – BE CAUTIOUS THIS WEEK + BANK EARNINGS + SEMIS FLASH WARNING SIGNS + $META BULLISH REVERSAL SETUP + $SPCX & $TSLA UPDATES $SPY is hovering near all-time highs, but beneath the surface, the market is telling a very different story. The average momentum stock is down roughly 55% YTD, while the average S&P 500 constituent has declined approximately 17%. Market breadth remains weak, semiconductor leadership is deteriorating, and the divergence between the major indices and individual stocks is becoming increasingly difficult to ignore. Still, the market hasn't confirmed a breakdown. With $JPM and $GS earnings approaching alongside PPI and CPI inflation data, this could be a pivotal week. * Despite recent volatility, $SPY remains constructive as long as it holds the $773–$775 support zone, which aligns with Friday's low and the 8-day moving average. A move above $779 and $781 could open the door to another upside breakout. Losing support would raise concerns about a deeper correction. $QQQ has been sloppier than SPY, but its inverted head-and-shoulders formation remains valid above $743. Holding above $748 would support the bullish consolidation scenario. A break below $743 would suggest a failed breakout. * Bank earnings could set the tone this week. $JPM is approaching earnings near its 200-day moving average around $325. With expectations reduced following the selloff, better-than-feared results could spark a relief rally. $GS remains technically damaged following a false breakout and prolonged decline. Its recent rebound has only reached the 8-day moving average, with substantial overhead resistance. * The momentum trade in semis and memory stocks is deteriorating: – $MU has broken below its 8-day and 21-day – $SNDK has lost its 50-day – $WDC is trading below its 200-day These breakdowns suggest the sector is no longer behaving like a healthy momentum leader. The message: don't blindly buy the dip. * $META could offer an attractive recovery opportunity if $711 holds as support. A breakout above $729 would strengthen the setup, potentially opening the door to a retest of $779. If #META clears $779, I believe $850+ is possible by year-end. A break below $711 would likely delay the recovery. For leveraged exposure (this is what I currently trade), $METU needs to clear $30.74. * After a strong advance, $SPCX is consolidating around $163. Holding above $160 while building a sideways base would be constructive. A breakout through $167–$167.50 could trigger another momentum move. Patience is preferable to chasing. We could see another breakout coming soon. * Finally, $TSLA is back above all its major moving averages, an encouraging development after months of difficult price action. The immediate test is whether #TSLA can establish support around $379. If that level holds, a breakout above $388 could accelerate upside momentum. I am watching #Tesla closely. * So, the indices remain constructive, but weak breadth and deteriorating semiconductor momentum demand caution. Watch $SPY $773–$775, $QQQ $743, and the emerging setups in META, SPCX, and TSLA. With bank earnings and inflation data ahead, stay selective, respect support levels, and don't chase extended moves. * If you found this helpful, please ❤️like and 🔁retweet