Taiwan semi is emblematic of the Nasd trade. The current guidance bounce is uninspiring.
The board is a giant gap game based off the Pit Futures.
Will it retest its break down gaps of yesterday or continue down for a much needed back and fill?
Andrew and I spent a lot of time yesterday afternoon going over the scenarios.
Price action over the past two weeks is typical of a technical model trying to change direction.
Looking for rallies to fail and weekly stops to be run.
Volatility is back up and the Lemmings will be running. Be patient as they form up and all simultaneously jump off a cliff.
You’ll get your opportunities.
ECB press conference this A.M. with the Bund sitting on its 200 DMA