Another day of new lows across the U.S. markets with small caps and tech leading the carnage. Sound familiar? Volume was slightly lower, but still above average. And just when you thought it was safe to tread lightly back into semiconductors (after Friday's bullish engulfing bar), surpise another loss of 4.2%. We have a lot of positive divergence on the NASDAQ 60 minute view, however, we still keep making lower lows. Hopefully we can stabilize soon. Once we stabilize it will be easier to assess which direction to focus on. As it is now, we just keep waiting for a pop that never comes.
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