There has been crazy sector rotation these couple of days.
Most of the tech stocks and Chinese ADRs encountered a sold-off.
It's the time to choose direction and it did give an inside day for us to take our judgment.
If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long;
If it's able to break to the downside, that means the sold-off may continues and not a bad idea to follow the trend!
So let's see how it goes, and I'm more inclined to trade the breakout than the breakdown.
Most of the tech stocks and Chinese ADRs encountered a sold-off.
It's the time to choose direction and it did give an inside day for us to take our judgment.
If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long;
If it's able to break to the downside, that means the sold-off may continues and not a bad idea to follow the trend!
So let's see how it goes, and I'm more inclined to trade the breakout than the breakdown.