Steep one-day drawdown + fear spike often precedes short-term rebounds & so long as $585 holds, the setup favors a reflexive rally back toward $605–$610
This looks more like a sentiment flush than the start of a prolonged bear move (at least for now) so confirmation signals to watch Monday
- 585–$600 is the active panic zone; heavy selling & volatility expansion
- Next major support is $560–$570 which is the base from spring, if this breaks, larger correction risk
- Resistance 1 at $605–$610 is the first bounce target/prior floor
- Resistance 2 at $620–$625 is the intermediate target if rally extends multiple days
This looks more like a sentiment flush than the start of a prolonged bear move (at least for now) so confirmation signals to watch Monday
- QQQ futures (NQ) green premarket +0.5% or more
- VIX down 5–8%
- Mega-caps (NVDA, MSFT, AAPL) showing strong premarket bids
- RSI divergence or a hammer candle near $585–$590 intraday
I am not a licensed professional & these posts are for informational purposes only, not financial advice.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
I am not a licensed professional & these posts are for informational purposes only, not financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
