🚨 CAN WE SQUEEZE RIGHT NOW? SPY, QQQ, TSLA, ES, NVDA, AAPL, AMZN, META, AMD, & BTC Predictions! 🚀

Added: 2026-05-17

[00:00:00]What's up, guys? This is RayJ back with another video. And in this one I want to break down what's happening with spy, Tesla, and the broader markets. Just to know that I am not a financial planner, so take nothing I'm saying as financial advice. Anyways, the market is doing a fantastic job at holding up. As a reminder, PPI, the inflationary numbers that came out were hot. PPI was very hot. And [snorts] despite how hot it was, the market started off with a sell-off, but now we're getting bought back up again. So, we're not necessarily super bearish, okay? See the green line.

[00:00:36]We've been talking about this for the last couple of days. The green line is our 20 EMA. This is the main support.

[00:00:44]And we keep bouncing, bouncing, bouncing, bouncing, and bouncing off this. Even today we came down near this only for us to try to see buyers step in. And so far spy is holding up very nicely. So, >> [snorts] >> I want to see spy try to push for 740.

[00:00:59]If we take that out, we're looking for new all-time highs. And we're technically in a range. As we hit the 740s, we do sometimes see us reject a bit. But as we come down to either 735 or as low as the low 730s, and once as low as 728, we see a lot of buyers essentially step in. So, close to 730, we like to bounce, and near 740, we have had a lot of rejections. Well, eventually, here's the thing to remember.

[00:01:26]We have [snorts] to either lose the 730 area to start looking more bearish or take out 740 to be more bullish. We have to take out one of those levels. One thing that's interesting is that so far, >> [snorts] >> instead of the bears giving us a big rejection, a dump, so far we're not really getting that. We're actually getting bought back up. If you look at, for example, the [snorts] 5-minute time frame, this is what the setup looks like, right? You had this sell-off, but now we're making a V-shape move up, and spy is trying to break out. So, it looks like we're trying to recover. We're trying to see a bounce. We could also be forming kind of like an inverse head and shoulders right here on the 5-minute time frame.

[00:02:02]And that could help us continue to squeeze for all-time highs on SPY.

[00:02:07]So, my point is if we want to be bearish, for the people in the comments saying it's time for us to to crash, unfortunately, although I do think the market has been, you know, in a topping process, we're not necessarily at the full top yet, if that makes sense. We're not ready for a full top yet.

[00:02:25]>> [snorts] >> And we're going to remain bullish until we're done, right? We're going to remain bullish until the top is finally in, but it's not ready yet. It looks like we could still break all-time highs. In fact, this morning SPY broke all-time highs. I would not be surprised if we try to do so again.

[00:02:41]So, to be bearish, we were supposed to lose at least 734. We're not doing that.

[00:02:46]We keep on bouncing, which tells us that the buyers keep defending, and the chart is still in a little bit more in favor of bulls.

[00:02:55]That's what I've been saying in my last couple of videos. I will change my mind if 734 breaks, but the market is very optimistic with >> [snorts] >> President Trump, Elon Musk, Jensen Huang, and all of these important figures going to China together. This could be very impactful, so we'll see if there's any regulatory changes or any changes to export controls and such.

[00:03:13]So, we're forming a wick on SPY.

[00:03:16]As long as we don't lose 734, we're going to be fine, >> [snorts] >> and we may attempt to push for 740 slowly. I think we're still getting bought back up, but overall, we're holding up nicely. The QQQ is also showing more strength than SPY. We need to lose 702 to be bearish. As long as we don't lose 702, >> [snorts] >> to me, we're looking more bullish, and we're going to be favoring 710. If we take out the 710s, we may even continue to squeeze to even higher levels, such as um 715, and eventually back up towards 720.

[00:03:46]The IWM is also holding up very nicely.

[00:03:48]I want to see us hold 280 for a hold, we could try to push for 282.8. If that breaks, 285 is going to be next.

[00:03:55]On ES, we're trying to squeeze as long as we don't lose 7400 flat, looking for a push back up towards 7448.

[00:04:01]>> [snorts] >> NQ is also trying to bounce as long as we don't lose 29,145, looking for a push back up to 29,427.

[00:04:09]Bitcoin is rejecting. I want to see this essentially hold around 79,250.

[00:04:13]If we do, we're looking for 80,000 again. And Tesla is squeezing. It's looking very strong. We have not lost 424 to 425 on Tesla. And the cup and handle continues. Looking for 450 very soon. If we take that out, I'm looking for 457 and 460. Tesla is showing a lot of strength as Elon Musk is going to China and also because of news involving the Model Y boosting its output at the Giga Berlin and other factors like that.

[00:04:39]So, we'll see what other pieces of news come up, but Tesla is looking very strong, very solid. Looking for the 450s very soon. And bigger moves. Nvidia is getting bought back up as long as we don't losing 220, we're looking for a squeeze back up towards this 227 to 230 area. Keep in mind Jensen Huang being in China could help them in a lot of different ways. Apple squeezing even with Tim [snorts] Cook potentially heading to China. Looking for a push for 300 plus. It's still looking very strong. Palantir showing some weakness compared to the market. We're going to see if we continue to fall back down for 127.5.

[00:05:14]AMD is holding above 433. As long as this holds, we could also try to bounce for 450. We'll see if 433 holds or not.

[00:05:22]Coinbase is looking for 203.5. If that breaks, I'm looking for 205. Amazon is going to be looking for essentially 266.

[00:05:29]Meta is looking for a push for 606 and then 610.

[00:05:32]Google is looking for a push for 390, um, 395. Also, there's also a gap to fill up there. So, I could [snorts] see us continue to squeeze. And Microsoft is showing some weakness compared to the market. Unfortunately, it's been making lower highs. Has to reclaim 408 for a bounce. If it does and we're looking for 400 flats and 398.

[00:05:50]Oracle's also trying to bounce looking for a push for essentially the um 192.5 area.

[00:05:56]>> [snorts] >> Last but not least the VIX, okay, I'm noticing that on the 30-minutes time frame, the VIX is forming sort of like a head and shoulders like pattern. And if we end up losing 17.8, this could dump and fill this gap and that could be indicative of spy trying to squeeze as we're holding up nicely.

[00:06:14]We're going to see if this tries to squeeze causing the VIX to dump.

[00:06:17]And we're [snorts] also going to see how well Tesla holds up. It's still looking very strong and very solid. I would not be surprised if we break past the 450s very soon. We're going to see if there's some kind of pieces of news that come out of something big is about to happen.

[00:06:30]Um but the majority of Tesla moves are still favoring the bulls. I think that there is potential for this to continue its squeeze.

[00:06:39]So, Tesla's [snorts] one ticker in particular that's looking very strong and there is potential for us to just continue to go for the 450s. Anyways, that's it for this one. So far, spy and the QQQ are holding up quite well.

[00:06:51]Um you know, despite the hot inflation such, we're getting bought back up and the market seems optimistic with the very important summit um with President Trump in Beijing.

[00:07:00]>> [snorts] >> The Beijing summit could cause a lot of volatility, so we'll see what news comes out and for now, like I said, the market's holding up very well. Anyways, that's it for this one. Thank you all so much for listening. I'll see you guys in the next one and peace out.