In the span of six trading days, AMD traversed from one Fibonacci level to the other. We are now at an important test: will AMD find support at this level and begin another ascent, participating in the unhinged and deluded AI frenzy some more, or will it begin its next traverse lower?

(Click on image to enlarge)

Here’s the lifetime chart. I have no position, although obviously, I’m hoping – – down!

(Click on image to enlarge)

More By This Author:

VIX Through The Year
Crypto Weakness Counts
Now Or Never For Tesla