i know that many are so bearish in the Semi and the Chips but this chart is so bullish for me , buy the dip even with bad earning and be patient with your trade hopefully earning will not be too bad today so lets see double bottom on the chart with higher low in the indicator, lower high in the chart and higher high in the indicator
Weekly and daily negative divergence 2009 bull market trend has been broken daily and weekly negative momentum daily and weekly my best idea wait for retest for support on the daily and the trend line and the shot it cos its too oversold and peak reach in the down momentum side enjoy
i expect pull back to 1212 level and then bounce off it to 1229 , if we get daily candle close above 1229 then the bull has start for the gold 60% but i think it will keep in this level and finally go south around 1000-900$ cos mostly this wave 5 n the down tern just to remember gold has broke 2 monthly resistant at 1195 and 1212 and close above it so just give...
watch out this level 1513 weekly support
looks kinda better than spx and ixic but its so close to 200ma watch out to 24978.51 at its monthly support for this sell off
watch out the weekly support ( the last support ) at 2746.3 and then 2676.81 monthly support as the last hope to stop the sell off
more pain to come , the last hope is 7312.81 after that it will be totally over