what happens if we stay near the bottom of this range?
quite simply its very bearish. if semiconductors dont immediately rally over this pivot they wont come back this week. if they dont come back this week the whole market is headed down for now.
Note
were consolidating around the pivot daily and testing an area of support belowsemix show a pattern of overselling near bottoms of nadaraya and superenvelope
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.