Nvidia falls to unchanged as the bounce fades

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.