@alphacharts365 On the other hand. If not, we should have suffered a selloff with more than +10% Vix spike. xlu and xlp red.....it looks like just noise
$SMH $SOXX with a disgusting red hammer on high volume. It really looks like the beginning of a correction.
And when the move was parabolic, the correction is of at least 38%.
$SMH $SOXX dai ly chart had had all ingredientes for a correction. exhaustion candle, multiple top candles, and finally loossing ema8 on friday with hugh volume. I thinl 500 ish zone could be possible.