SMCI had its first big crash recently. The original 20% sell off wasn't that big a deal (IMO) but the follow through breaking of 800 was a big deal. If we were in a dip and rip market, 800 was a good continuation point.
Coupled with this we have NVDA breaking first lines of trend continuation. A subtle signal which we'd be wise to not read too much into right now because weird things can happen with momentum but it's interesting we have this giving up of supports heading into earnings.
Indices are also all under their local supports.
And then we have major bear formations like this. Huge harmonic spike out pattern pending in SOX.
Coupled with this we have NVDA breaking first lines of trend continuation. A subtle signal which we'd be wise to not read too much into right now because weird things can happen with momentum but it's interesting we have this giving up of supports heading into earnings.
Indices are also all under their local supports.
And then we have major bear formations like this. Huge harmonic spike out pattern pending in SOX.