Closing here between a rock and a hard place. This downtrend (Yellow line) has been resistance since Thursday. Today I notice some big names names lose some significant support today.
Tesla
Googl
FB
Oracle
Amazon
The support I'm mentioning are either Weekly and daily SMA or weekly and daily fibonacci levels.
What did hold up pretty well was the chip sector which help balance the QQQ's out.
If we break above this resistance here is maybe a gap close. Too many big names have fell below some tough resistance .. If we gap down I think the next stop is 372
Tesla
Googl
FB
Oracle
Amazon
The support I'm mentioning are either Weekly and daily SMA or weekly and daily fibonacci levels.
What did hold up pretty well was the chip sector which help balance the QQQ's out.
If we break above this resistance here is maybe a gap close. Too many big names have fell below some tough resistance .. If we gap down I think the next stop is 372
