If NVDA earnings doesn’t save the SOXX ETF, looks like semiconductor stocks might be taking a big dip in next couple weeks. Big head & shoulder pattern still on daily SOXX… could get interesting.
When you look at these types of ETFs, along with the leveraged ETFs, they can give you a good hint of where the price action is likely going for earnings.
Because of this head and shoulders pattern alone on SOXX ETF, my guess would be NVDA going down after earnings…..but anyones guess as nothing matters except for numbers when comes to earnings results.
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Coach Donnie : Let's GOOO NVDA