$NVDA Pre-Market Update: The Tech Rotation Meets Structural Support


The recent capital rotation away from AI momentum has been aggressive, with semiconductors taking a sharp double-digit hit to start July.
However, the daily chart is flashing a major inflection point as price pulls back to $194.83.
This move lands right on the previous macro breakout zone, meaning former major resistance is now actively being tested as key structural support.
This necessary flush has also dragged the daily RSI down to a healthy 41, completely clearing out the previous overbought conditions and giving momentum room to expand again.
Ultimately, this $190–$195 pocket serves as the crucial line in the sand holding the immediate daily uptrend together.
If the broader tech flush is going to pause, this is the exact liquidity zone where buyers need to step in and print a clean HL.
Are you buying this dip before the bell, or do you think the rotation has more room to run?
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