Tech On Verge Of Cracking As Next CTA Liquidation Level Triggered, Nvidia, Semis Enter Correction

Just like that the relentless tech rally that defined much of 2024 is over, and while the ending has been a muted whimper for now, it could easily mutate into quite a bang if the selling persists.

In his morning note, Goldman trader Michael Nocerino points out that the 4.5%, 4-day selloff in the Nasdaq is the worst in over a year.

tech on verge of cracking as next cta liquidation level triggered nvidia semis enter correction

Authored by Tyler Durden via ZeroHedge April 18th 2024