$NASDAQ(.IXIC)$the market ease the data center need improving news, and turning down as the bad earning reports from big names. $meta$ and $amzn$ finally realeased huge down momentum, and they proved what we concerned.
The previous post we mentioned use put options of meta and amzn, also add soxs to watch the trend of semiconductor section. These strategies are effective so far, and helped to understand the market.
I will see the support from weekly ma5, but seems not strong. If there's no dramatic economy data tomorrow, tomorrow will be a down trend and look for a new support.
Because tomorrow it's last of the week, if close lower, it gonna give a week sign on weekly trend line. As this point, do not buy dip.
Watch my previous posts and know the whole idea from me. Discussion are welcome. Build your own understanding of the market is important.
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