Interesting to see how the 20 Day MA was the resistance level here this week, the price action was not able to make it up to its 50 Day MA yet, further identifying the weakness in the Tech sector, likely lead my $NVDA, $AMD and $SMCI's influence.
I would be watching for a decline to the previous all time high line next at $408 at our blue line, I will confirm Wave A is in effect if this happens.
mmazop
2024-05-02 21:29:30 +0000 UTC