The S&P 500 illusion ($SPX ) at 7,744: nearly 40% of the index is already in a bear market.
Although the headline suggests stability, 191 S&P 500 companies are down more than 20% from their highs, and today's opening in New York shows a clear rotation.
In Big Tech:
• Tesla ($TSLA ) is absorbing flows: It rises to $364.09 (+0.46%) after hitting an intraday high of $370.58, holding the $362.50 support level.
• Semiconductors under pressure: Nvidia ($NVDA ) falls to $216.88 (-2.0%); its key level to hold today is $212.85.
• Trading takeaway: The stock market has stopped rising across the board; selective rotation is in charge today, while bonds remain elevated.
Will the rotation toward $TSLA continue, or will we see a buying rebound in$NVDA before the weekly close? 📈
#BitcoinShortTermHoldersReach4.08MBTC
Although the headline suggests stability, 191 S&P 500 companies are down more than 20% from their highs, and today's opening in New York shows a clear rotation.
In Big Tech:
• Tesla ($TSLA ) is absorbing flows: It rises to $364.09 (+0.46%) after hitting an intraday high of $370.58, holding the $362.50 support level.
• Semiconductors under pressure: Nvidia ($NVDA ) falls to $216.88 (-2.0%); its key level to hold today is $212.85.
• Trading takeaway: The stock market has stopped rising across the board; selective rotation is in charge today, while bonds remain elevated.
Will the rotation toward $TSLA continue, or will we see a buying rebound in$NVDA before the weekly close? 📈
#BitcoinShortTermHoldersReach4.08MBTC