Detecting complex corrections prospectively is not easy! People usually look at these models retrospectively! However, looking at the previous correction pattern and the undeniable similarities with the current correction makes it more likely that we experience another leg down!
Top declining, Flat(rising) bottom ould be the most probable scenario..!
Opinion: long-term investors should wait for 130 level to reevaluate their position!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy Holidays,
Moshkelgosha
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Noticed that semi conductor sector's (soxx, etf) movement follows NDX movements. You are shorting NDX and long on AMD. it seems contradict but in short time you nailed it.