Zeev keep watch on the SOX...we're having a bearish 50/200 day cross setting up around 480. The current move looks bear flaggish but if somehow the semi's can clear 480 a solid move may ensue. I went cash from net short on the close due to the series of high P/C readings over 1.00....some positive divergence between price and macd...a hold of significant support at 10k/1087/1895 with a doji in place.
Should we move back up on light volume a lower high would setup a VERY bearish descending triangle on the indices.
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