What’s Next?

The price segment at left, shows the SOXX reversing from all-time highs, lower into minor support, then retrace.

That move is in line with the Nvidia reversal on its earnings release.

As we’ve heard many times (Ed Dowd, Ox Talks and others), just the hint of slowing sales may be enough to kick off a sustained downside move (not advice, not a recommendation).

Tomorrow is ‘Day 5’ from all-time highs.

Stay Tuned

Charts by StockCharts

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