The SOX (Semiconductor Index) has reached our target area at 200 with a combo 12 count. Monday, we very likely get the 13 count and with the XBD a second sector with a 13 daily count, hence a small low is in place but, as the broader indices still count a daily 9, we have still some downside left - at least 3 lower days. However, since we have Wednesday a likely FED cut day - that even might work out depending on what happens up until then. Volume of today is far from anything which I could call washout. Asia and Europe had such a day though but the mother of all exchanges needs to do so as well. That's the NYSE - let's see how things play out next week.
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