Mag 7 Bounce?
Bloody today so far, no real signs of support that I see. VX is stalling near last week's highs though and there are a lot of stocks coming into critical support. Would not be surprised to see a bounce here. The mag 7 is retesting it's major trendline it broke above for the first time. Also, ES is at demand an near 5500. NQ is also at demand. The April uptrend on SPY and QQQ is now broken, so gotta be careful.
I think we may be due for a relief bounce here, especially if NVDA can hold on to $118. If not, it'll probably get a lot worse and fast.
I think we may be due for a relief bounce here, especially if NVDA can hold on to $118. If not, it'll probably get a lot worse and fast.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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