06/27/2024
Viper Market Wrap Video June 24 2024
Very interesting market action last week especially for tech as SMH, the semiconductor ETF exceeded the weekly starc+ band at $272.88 with a high at $279.57.SMH reversed to the downside as it closed at $264.89.
Powerful reversal in NVDA which also exceeded the monthly R1 at $136.79 as it topped above $140 before closing at $126.57. The OBV confirmed the new high for SMH but not NVDA as it closed below the EMA.
The Viper Report's Tom Aspray shares his technical outlook ,,,,
Very interesting market action last week especially for tech as SMH, the semiconductor ETF exceeded the weekly starc+ band at $272.88 with a high at $279.57....