$SMCI reacted by jumping +17% after their earnings release and as I write this, it is down to +4% and trending in the wrong direction.....but the earnings call is still to come.
If $SMCI can bounce again and react well, it will likely drag $DELL up with it, and $DELL has tested its 0.618 Fib this week.
So both we will be watching for signs of reversing and Wave C completing this week.
I have one buy in for $DELL already.
Corey
2024-08-06 20:39:43 +0000 UTC