SPY and $QQQ both lost their daily uptrends, signaling a shift in market momentum. $TSLA had a significant down day, confirming the two-day bear flag ahead of earnings after-hours. ES_F held the key $5800 psychological level. SMH experienced a large down day, with the exception of $TSM, which managed to hold up better. $MSFT also performed relatively well compared to the broader market. AAPL saw a sharp intraday drop after a news piece concerning iPhone production impacted investor sentiment.
Wednesday, October 23, 2024 | The Chart Guys — Trading, Community, Daily Live Streams | SPY and $QQQ both lost their daily uptrends, signaling a shift in market momentum. $TSLA had a significant down day, confirming the two-day bear flag ahead of earnings after-hours. ES_F held the key $5800 psychological level. SMH experienced a large down day, with the exception of $TSM, which managed to hold up better. $MSFT also performed relatively well compared to the broader market. AAPL saw a sharp intraday drop after a news piece concerning iPhone production impacted investor sentiment.
