NVDA fell as much as 7% following earnings and guidance which failed to excite, but has rebounded to a 4.2% loss as we approach the open. If it can’t hold 122.62 after the open, our 110 target is the next significant support.
The broader market was already having a tough day before the NVDA print. As has happened frequently this past week, the algos got busy and ES rebounded strongly overnight.
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