New Highs & Fibonacci

Analysis of Nivida has already shown, the leader of the semis’ being influenced by Fibonacci, link here.

Now, we have the SOXX about to open at or near new highs.

What you likely won’t find anywhere else, insight that today, is Fibonacci Day ’55’, from the April 19th, lows (not advice, not a recommendation)

New highs, Day 55, daily and weekly MACD bearish divergences, potential up-thrust; ‘You make the call.’

Semiconductors SOXX, Daily

Pre-market action: Currently (as of 8:42 a.m., EST), trading at 260.40-ish, right at the last top high, 260.65.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279