New traders ask me the same thing: if a floor is support, why does it keep breaking? Here's the answer, live today. $ASML , the company that builds the machines that make the chips, reports tomorrow. It didn't wait. The stock lost its floor today, closing at 1,717.8, under the 1,739.0 line it had been holding. The selling got there before the news did. Nvidia did the opposite. It traded down to 223.1 during the day, under its 224.5 floor, then closed back above it at 228.5. So which one broke? Only $NVDA 's held, because I count the close, not the intraday poke. A wick through a line is noise. A close through it is information. That's what a floor is really for: not a wall that holds the price, but a line that tells you fast when you're wrong. Do you trade off the close, or off what the screen shows you midday? Not investment advice. Find more on my newsletter 🐝
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