All The Good News
Yesterday’s action falls under the ‘should have known‘, category.
Should have known, based on the price action itself, that something was up.
That ‘something‘, could be all the good news left, for Nvidia (not advice, not a recommendation).
When looking at the pre-market, hourly chart of the SOXX, the condition is obvious.
Semiconductors, SOXX, Hourly (pre-market)
The magenta oval and arrow, indicate current pre-market trading (as of 8:27 a.m., EST).
The SOXX, is trading at 247.58; just above the July 10th high, of 247.52.
At the open, we can expect the usual short-covering volatility for the first three-to-five minutes.
After that, we’ll have some idea if ‘this is it’ (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
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