Why the Reaction to Nvidia's Earnings will be So Important on the Technical Side of Things
Well, EVERYBODY is focused on Nvidia’s earnings today…and rightfully so. It will be important to try to decipher what their earnings and guidance mean for the profitability of AI going forward. However, we want to focus on the technical impact it will have on the stock, the chip group, and the market this morning…because NVDA, the chip group, and the S&P 500…ALL stand at critical junctures in their charts.
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