In this episode of StockCharts TV‘s The Final Bar, David Keller, CMT tracks the market’s downside rotation as the S&P 4500 level once again serves as key resistance. He highlights semiconductor names, including NVDA and AVGO, that are breaking below their 50-day moving average, then digs into market sentiment indicators starting to rotate lower from extreme bullish readings.
This video originally premiered on August 9, 2023. Click on the above image to watch on our dedicated Final Bar page on StockCharts TV, or click this link to watch on YouTube.
New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.