In today's market analysis, we break down the unprecedented price action in the semiconductor sector following Intel's (INTC) blowout earnings report. With INTC adding nearly $70 billion in market cap overnight and the SOXX surging 50% from its recent lows, we examine the technicals to determine if this is the final blow-off top for the bull market.
Additionally, we chart the S&P 500's developing bull flag as S&P futures pop on the back of a rapid $4 drop in crude oil prices, driven by shifting geopolitical negotiations in the Middle East. Finally, we map out the exact parallel channel resistance for the Nasdaq as it pushes toward the critical 25,000 level.
Video Length: 00:09:16
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