#Semiconductors over $SPY: Yes, we did break out, and the daily is currently above the 200MA (that will be broken back below with a strong down day), but on the weekly chart, the price has just tested its 50MA! and rejected.

When $SPX is way above 50MA on the weekly level

$NDX #DOWNJONES #Tariffs #TariffWar #MarketCycles #marketcrash #Tariffs $TRUMP $NVDA #recession #ratehike #correction #TrumpRally #Stocks #Oil #CL1 #energy #Stonks #VIX $SPX #StockMarket #SPX #SPX500 #DJI #YM #NDX #RTY $IWM $QQQ #Yields