MU update set for Monday after opposing Burry's position, Scott Redler notes

MU update set for Monday after opposing Burry's position, Scott Redler notes
MU update planned after Burry trade

Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, announced an upcoming MU update on Monday. He indicated he has taken the other side of a trade from Michael Burry.

Redler recently noted that markets are consolidating after a strong rally, citing support levels in SPCX and trading opportunities in MU, MULL, and SNDK in a previous update. He also highlighted SPX posting a record high at 7758 and characterized equities as maintaining an upward stance in an earlier market briefing. These observations follow his current plans for a new MU update.

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