Structure looks similar to all of the other corrective bounces, and they don't have FAANG stocks to pump, although I'm sure they watch Netflix.
Will buy puts tomorrow depending on what their market does overnight So far futures look weak.
Should equities break down further I will buy at these levels. Note that today (Mar 25) it is resting at support but other equity indices eg US have further to fall, so I think more decline is possible. And if so this is where Id enter
Previous trend line (should act as support) and 3 MA lines will try to support $EWJ breakout attempt
If that breakout is real EWJ should bounce from here higher
If it'll close below the 200 days MA line - BOOM! Crash and burn..
Tomer, The MarketZone
Follow my blog - marketzone.tumblr.com
Subscribe to my Youtube channel -...