A higher high has been formed suggesting a short term change in trend.
However, there is no confirmation until the $316 region is taken out.
As long as we remain below $316, expect bounces to be sold.
In the near term, I expect $250-$260 zone to be a good buying opportunity.
As long as last week's $246 low holds, expect dips to be bought for a move to...
MSFT & NVDA had a nice little run lately. Both are looking mighty bearish to me, but rather wait for 2nd entries on these names. Anything can change of course, but watching for a break of $200 on $MSFT.
Tested resistance at 84.91 twice and broke through. Reistance has become new support which it has tested several days since mid-December. I expect it to test again where I am placing a buy.
