After a relatively quiet Tuesday, we're seeing some selling pressure in the premarket this Wednesday morning. We're not expecting much volatility today, as the market anticipates Nvidia (NASDAQ:NVDA)'s earnings report, which will be released after hours tonight. However, we might see a significant increase in volatility, particularly in the semiconductor sector, once the earnings are announced. We remain short-term bullish on the market, as long as the VIX closes below 13.41. This threshold will continue to decline daily.
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