← @realjgbanks

$NVDA

BEARISH2026-06-05
Price around the call
2026-06-05
By horizonMaturing · ~16 trading days to go
1d
5d
21d
Original post
Justin Banks · 2026-06-05

I tried to WARN you. LISTEN so you won’t lose MONEY. As AI leaders started failing continuation breakouts, I told everyone to slow down. As $NVDA and the Mag 7 began losing momentum, I said risk was rising. As $QQQ became increasingly extended, I said a period of consolidation was approaching. Most importantly: As memory leaders like $SNDK and $MU started losing momentum, and Semi leaders like $AVGO and $INTC I knew it was time to become more defensive. Memory has been one of the strongest AI leadership groups of this entire cycle. When leaders stop leading, you pay attention. Now look at: • $SMH • $DRAM • $QQQ Momentum is cooling. This is exactly why we’ve been: • Trimming extended winners • Raising cash • Rotating into laggards • Preparing the buy pullbacks The goal is to

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