Either way, I am still of the opinion that we are not at the bottom of the tech correction yet, just a bounce day. Valuations are still too high in the tech sector and value stocks too appealing given TNX rates increasing. If TNX stays flat, I think we will see more tech growth, but a jump in TNX will probably correlate closely to a drop in IXIC as it has been.
IXIC support looks to be at 12600, then 12230 below that. Be ready to hedge up if you haven't already. I prefer selling covered calls and using the premiums to buy puts when the creeps above 70 on the individual company's chart while watching for divergence between and candles to indicate .