Stock Market Top Is In, Semi's Have Topped For This Cycle, Expect A Major Correction
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Chief Market Strategist Gareth Soloway alerts investors that a stock market top is likely in and the semiconductor cycle is complete. He issues a warning on the S&P 500, expecting a drop to 5,300 and a pullback in the VanEck Semiconductor ETF (SMH) of 40%+. In addition, Gareth shows how Nvidia NVDA has fallen sharply, signaling institutional dumping into retail buying. He also notes the bearish price action in retail favorites like Palantir (PLTR), Robinhood (HOOD). Overall, Gareth shows how technical analysis can provide a high probability scenario for where markets, stocks, crypto and commodities are heading. Watch this video and learn more.
Video Length: 00:07:11
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