Possible H&S here.. Conformation line is a drop below 397.
Next support after that is 396 (Trendline).
If it breaks that trendline will be looking at a full reversal here .
Fangs are showing some bearishness but that's weight is being carried by the chip sectors bullish moves. for any meaningful pullback to occur, the chips sector will have to take a breather
Next support after that is 396 (Trendline).
If it breaks that trendline will be looking at a full reversal here .
Fangs are showing some bearishness but that's weight is being carried by the chip sectors bullish moves. for any meaningful pullback to occur, the chips sector will have to take a breather
Idee correlate
Dow Jones 11/9
ContraryTrader
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