Is Today, The Day?

There’s a lot going on, in the chart of ON, at left.

What we’re looking for here, is either a new daily low, or continuation higher into established resistance (not advice, not a recommendation).

Pre-market in the SOXX is lower (as of 8:55 a.m., EST).

Recall, yesterday’s post had it at 13-days since all-time highs for the SOXX.

Looking at the chart of ON, yesterday was Fibonacci Day 8, from the recent lows.

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