Aug 6 Market Commentary
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Overnight markets are mixed to green-ish with 2 red prints across Asia, 1 across EU while SPY is up 1pt in pre-market action. We had SNDK post earnings yesterday, and it is down -9.9% after earnings. WDC also down a similar amount.
While many of the AI tickers are falling post these earnings, SPY Is forming a small corrective structure just above 770. This weak bounce after yesterday’s selling is leaning more towards the downside (unless we get impulsive buying off 770 soon).

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