high 19s are due if we can hold above high 18s. were headed for that same resistance and if we break the quad top it will close the gap at 20.05 . short targets are lower horizontals if we cant hold high 18s and the middle line is what i think would be a good pivot. TRAMA is flatlining, and VWMA is wobbly but if we start to see red crossing above blue and trending up together i would look to the upside. 21 still possible, though as is mid 16s. the daily bounce hasnt happened in semiconductors, big tech or spx.
Note
if we breech mid 15s and double stoch has bullish signal it will close the gap at mid 17s but if we trend below low 16s closing below high 15s and set a lower high under low 16s it will trade below 15 soonDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.