Market correction seems likely

[Nbadan]

This is not investment advice but merely InfoMation. You are responsible for investments made by you and not the posters or the owners of Spurstalk....

That said...

Price action is very weak. We will see what happens in the 12-3

Further selling could trigger billions in algo selling and a real correction.

[Nbadan]

Inverse curve this morning triggered massive selling...

[Nbadan]

I don't see a turn in SPY likely till 416......ugly

[Nbadan]

Some of these price targets are shocking

Apple 165
Microsoft 295
Tesla 204 lol
NVDia 317!! lol lol
Amazon 113
Google 112

[Nbadan]

I guess if NVDIA breaks support at 410 you could see a massive move to the downside....worth a put I suppose

[Nbadan]

ok....a couple of things...first of all...both NvDIA and Tesla broke trend to the downside in price action virtually guaranteeing that tomorrow will at least start off red...likely sharply....

Also, Spy and Apple broke down today...they are market indicators for other stocks....

[Nbadan]

https://youtu.be/OybR-wc4oCg?si=hryvC5Ba8MUsRtVp