In today’s market recap, we explore $IWM's potential weekly bearish diamond reversal pattern, $NVDA's positive earnings and stock split announcement impacting $SMH's daily consolidation, and the challenging day for meme/Reddit stocks like $GME and $AMC. We also discuss $SMCI encountering Daily 50MA overhead resistance for the 7th consecutive day, $SPY's failure to fill the daily gap, and many stocks seeking weekly higher lows with potential daily lower highs due to recent pullbacks.
Thursday, May 23, 2024 | Daily Market Video by The Chart Guys — Trading, Community, Daily Live Streams | In today’s market recap, we explore $IWM's potential weekly bearish diamond reversal pattern, $NVDA's positive earnings and stock split announcement impacting $SMH's daily consolidation, and the challenging day for meme/Reddit stocks like $GME and $AMC. We also discuss $SMCI encountering Daily 50MA overhead resistance for the 7th consecutive day, $SPY's failure to fill the daily gap, and many stocks seeking weekly higher lows with potential daily lower highs due to recent pullbacks.
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