CHATGPT crashes and Microsoft rejects the 200 day moving averageChatGPT went down world wide at the open of trading Monday causing MSFT to reject a retest of the 200 day moving average.
This could add more structural problems in VOL since hedged equity and option flows are weakest until next week.
My target is 248 today with an extension possible as low as 245.
These AI fumbles are a good sign that AI is still a slave to human mistakes and errors.
See how this plays out but certainly is a headwind to the bullish break higher in tech
NVDA is another AI moving stock to watch if this is a rejection it may add to an acceleration to the downside.
I'll likely get out of short position if ChatGPT comes back online.
Outage
Solana Visits the HospitalSolana: Well, doc, I think I did pretty well on my TPS. You may HODL my bag if you like.
Doctor: Well, under the circumstances, I'd rather not.
Solana: Eh?
Doctor: Mr. Sol, I'm afraid you are the rektest blockchains in the United States. You have everything.
Solana: You mean I have production outages?
Doctor: Yes.
Solana: Non functional dashboards?
Doctor: Yes.
Solana: Hysterical selling?
Doctor: Uh, a little bit, yes. You also have several bugs that have just been discovered -- in you.
Solana: I see. You sure you haven't just made thousands of mistakes?
Doctor: Uh, no, no, I'm afraid not.
Solana: This sounds like bad news.
Doctor: Well, you'd think so, but all of your bugs are in perfect balance. Uh, if you have a moment, I can explain.
Solana: Well ...
Doctor: Here's the door to Coinbase, see? And these are oversized bagholders. That's investors, that's adopters, and this cute little cuddle-bug is the founder, Anatoly. Here's what happens when they all try to send their SOL to Coinbase all at once. Woo-woo-woo-woo-woo-woo-woo! Move it, chowderhead! We call it, "Three Stooges Syndrome."
Solana: So what you're saying is, I'm indestructible!
Doctor: Oh, no, no, in fact, even slight whale could --
Solana: In-de-structible...