Short

This is fine

By Mausty

Updated

SMCI is really really really extended... Maybe this is the spot it takes a breather?

Note

just keeps on going! Amazing

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Now we are seeing some selling. This just feels like TSLA did when it first broke out in 2020 (and almost completely retraced). I wouldn't be surprised if we see a similar move.

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fail to make new highs and my money is on testing the swing low

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So it hit the 3.618 and failed there, i give myself half credit... lol

It just feels like a near complete retrace is in the cards, i expect this to trade in the 400s sometime this year, maybe even a chance to test the 300s

Mausty

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