Today’s Selloff Is A Gift
The S&P 500 and Nasdaq are finally pulling back. Gianni Di Poce says that is exactly what you want to see right now. His Wave Windows members just closed the first NQ long contract for 5,291 handles on Friday. The exit hit the Nasdaq upside target at 29,300. Now he is hunting the next entry. The VIX is down today in both cash and futures. The S&P 500 topped at 7,454 yesterday and the action since reads like simple rotation. In tonight’s video, Gianni walks through three setups driving his thesis: The Dow has formed an ascending triangle since the March bottom. It is the only major US index that has not made a new all time high yet, and a break above last week’s high points to 52,000 to 52,500. Semiconductors fell nearly 5% after hitting a fresh all time high yesterday. Gianni won’t call the top in semis