Nvidia was up by 5% at the pre-market highs but it wasn’t able to open near the highs and has continued lower since the open. I expect that some of that is fallout from yesterday’s blow up as it will take some time to balance out the market.
Technically, yesterday’s late low of $116.70 is the spot to watch.
The overall market is also holding its breath and near unchanged.
Update: That didn’t take long as NVDA has broken yesterday’s low.
This article was written by Adam Button at www.forexlive.com.
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