AI bubble officially popped. $NVDA $TSM double-top breakdowns, semis getting wrecked across the board.
$NVDA broke 200-day MA at 204, now testing 182. Next real support 170. If it holds with volume, could see a bounce—otherwise we're going lower.
$QQQ cracked 669. Watching 580-630 zone. If AI is just cooling off, that's the dip. If bubble's truly dead, we're heading to 506 or even 427.
$MU broke 740 support and 200-day at 755. Last defense 650-665. Taiwan factory shutdown + employee strikes + AI regulation fears = panic selling accelerating.
$TSM same story—double top failed, semis bleeding out as money exits high-valuation AI plays.
$DELL down nearly 50% in weeks. Former AI server darling now a cautionary tale. Overhead supply will crush any bounce attempts.
$SMH (semi ETF) now in 365-470 bounce zone. Watch 15m/1h for reversal structure. If buyers show up, 555 is the technical repair target.
$AMZN holding relatively strong—if market rebounds, this could outperform the slaughtered chip stocks.
$MSFT $AVGO $NBIS all need to reclaim key MAs and show relative strength before any long consideration. Market's done paying premium for AI growth stories.
Money might rotate to non-AI plays like $LLY, but need confirmation it can actually outperform during any bounce.
Bottom line: AI trade is broken. Wait for actual technical reversal before catching knives. Overhead resistance from bagholders will be brutal.
$NVDA broke 200-day MA at 204, now testing 182. Next real support 170. If it holds with volume, could see a bounce—otherwise we're going lower.
$QQQ cracked 669. Watching 580-630 zone. If AI is just cooling off, that's the dip. If bubble's truly dead, we're heading to 506 or even 427.
$MU broke 740 support and 200-day at 755. Last defense 650-665. Taiwan factory shutdown + employee strikes + AI regulation fears = panic selling accelerating.
$TSM same story—double top failed, semis bleeding out as money exits high-valuation AI plays.
$DELL down nearly 50% in weeks. Former AI server darling now a cautionary tale. Overhead supply will crush any bounce attempts.
$SMH (semi ETF) now in 365-470 bounce zone. Watch 15m/1h for reversal structure. If buyers show up, 555 is the technical repair target.
$AMZN holding relatively strong—if market rebounds, this could outperform the slaughtered chip stocks.
$MSFT $AVGO $NBIS all need to reclaim key MAs and show relative strength before any long consideration. Market's done paying premium for AI growth stories.
Money might rotate to non-AI plays like $LLY, but need confirmation it can actually outperform during any bounce.
Bottom line: AI trade is broken. Wait for actual technical reversal before catching knives. Overhead resistance from bagholders will be brutal.