The chips have moved down into Elliott and Fib support with high implied volatility pointing us to counter-trend longs in the beaten down chip space. Health care and industrials continue to press this bull market higher heading into earnings, but the lethargic summer pace in the market suggest we approach slowly. Also, the Member Webinar Posted.
SPX – consolidation remains
Rut – Red Count – Ending Diagonal?
AAPL – Red count – x-wave triangle
Google – Blue
NVDA – Red count – Fib support /high IV
SMH – sharp sell off with high IV
Todd’s Trading Lifestyle Vlog #31 – The Work Gloves Are Coming Off
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