Today we have AMAT earnings after the bell, and they are BUYING THE MYSTERY, AMAT up almost a buck now...
from Today's SOX:
Looks like another test of 1052 coming.
SOX GAPS DOWN BIG OFF THE HIGH AND IS SLAMMED ON STRONGER VOLUME and closed at 1029, down a whopping 47 points on the day... so we do expect a bounce at some time tomorrow per the closing tick signal, but there was structural damage here... and we could run right back down and test that baseline 1000...trading range - from 990-1006 from here. SOXX closed at 1029 - and we see resistance at 1031, 1034, 1037, 1040, 1042, 1045, 1048, 1052 (and consolidated 1052 today as we said it would)
1052.03 and the Pullback...
Edited by SemiBizz, 18 May 2017 - 01:35 PM.