… And, Another One Down …

‘Another one bites the dust.’

Nvidia price action posts ‘out-side-down’.

There was plenty of after-market, and pre-market shenanigans concerning the ‘earnings‘ release.

The result? A.I. will still save the world, just a little slower than previously thought (not advice, not a recommendation).

But wait… do I still get to sign women’s breasts?

While price action in NVDA, is obvious, outside down (at mid-session), what’s not so obvious, is the sector itself.

What’s the SOXX, telling us?

Semiconductors SOXX, Daily

Note the repeating pattern, ‘Spring-to-Up-Thrust’

As a bonus chart, we also have a potential trading channel.

Of course, the right-side line is a data-point of one. It’s not confirmed.

That is the way of the markets.

One needs to see (and manage) the potential before it becomes obvious.

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