Alert: Semis in Breakdown Zone
A quick note before the open: semiconductors were trading in the gap in pre-market. They have since moved out, but remain near the area.
There’s $10 of downside potential if it goes, with the bottom of the gap down around $197 per share. There’s also about $10 to $15 of upside before hitting resistance.
Chips will decide whether Nasdaq is green or red today.