Loading ...Stock Market Top & Confirmation
Monday produced the expected (and explained) stock market SELL signal. Today we are seeing the likely confirmation (also explained) in the NASDAQ 100.
Either NVDA crashes tomorrow, causing a total market rout, or it bounces for part or all of one day before a slower, more deliberate decline ensues in the days and weeks to come.
While a related (but completely different animal) SMCI, crashes and burns, it is likely foretelling the direction and speed of both Nvidia and the general stock market’s near term outlook.
I haven’t paid any attention to SMCI. So I wandered over to stockcharts to have a look.
Holy cow!!!!!
Yesterday short seller Hindenburg Research released a report they sent to the SEC claiming fraud and accounting irregularities. The CEO and the company are crooks and fraudsters.
Should bring the miners down also , Armstrong has been warning us of down into election , too much uncertainty with events so peeps going to cash sidelines.