Good morning, Slopers! Yesterday was terrific, and although we’re definitely seeing some “stocks are on sale!” strength pre-opening, there was some really magnificent technical damage done yesterday. The all-important midline for NVDA (shown below as a dashed line) was, at long last, broken. Better than that, prices just leaped right across the line, instantly changing it from support to resistance.
![](https://slopeofhope.com/wp-content/uploads/2024/07/nvdanddva-640x376.png)