The overall market found support at $387 and had a decent bounce into the close. For today, with futures currently higher, see if early strength holds. The FED minutes and
NVDA's earnings will be important binary events. In case of a move higher, $397-400 is a possible target by the end of this week. The overall reaction was positive and can be considered a win for the active bulls after
SNAP dropped the ball on Monday night. $390 is an important support area for today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.