A SPY bounce is imminent. Froming 3 supports along trendline. However since it had crossed 50 and 100 MA maybe should wait awhile more to catch lower prices.
Should let 50, 100MA crossover to smoothen? Or can start to dip toes?
SPY Bounce incoming. Buy now or wait.(Maximum1 votes)
- Wait awhile more till hit TL(1 votes)
- Dip toes first(0 votes)
Stock Market Decline and Tech Stock Volatility
The stock market experienced a decline, with tech shares being the leading decliners. The Nasdaq Composite suffered its largest one-day percentage decline since September 13, 2022. Nvidia, the leading maker of artificial-intelligence chips, saw a significant decline in its stock price, marking its worst start to a year since 2022. Oracle reported earnings and revenue that missed estimates but signed cloud agreements with major tech companies. Apple also experienced a drop in its stock price. Delta Air Lines and other airlines cut their outlooks due to reduced consumer and corporate confidence. Tesla lost 15% of its market value, its worst day of trading since 2020. Other companies, such as Dick's Sporting Goods, Kohl's, and Illumina, also made significant announcements. Volkswagen, on the other hand, saw a rise in its stock price.
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