Sunvmikey provides UUUU technical analysis with bull/bear cases and waits for a 200 SMA entry, while viewing Friday's market bounce as a bull trap and expecting further downside until capitulation.
UUUU — WATCH Sunvmikey sees Energy Fuels (UUUU) as not a trade to touch right now due to a potential bear flag from $27 to $12 and consolidation; he expects the bear case to play out over the next few weeks, but would consider buying near the 200 SMA, which institutions defend. He notes a Monday move up would strengthen support and the next resistance is $19.04, while if volume drops off but price grinds up he would be nervous holding. The main stated risk is that the current breakout is a fake out and retail has not been flushed out yet.
200 SMA will represent a good opportunity imo.
SPY — AVOID Sunvmikey argues Friday's bounce was not a broad market recovery but a rotation into high-beta small caps, with SPY barely up and QQQ down. He believes real market bottoms need a VIX spike to 30-40, yet VIX fell to $14.52, so this rally smells like a bull trap and the downtrend will continue until a capitulation flush, possibly 1-2 months away. He freed up capital and is waiting to deploy.
Today smells like a bull trap to me...Real market bottoms usually happen when the VIX spikes to 30-40. VIX went even lower to $14.52 today
This Reddit post, published January 04, 2026, features u/Sunvmikey discussing UUUU, SPY. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: u/Sunvmikey · Tickers: UUUU, SPY