Yeah probably. Intel did did well though. I would say more mixed signals, but AMZN's revenue was still solid. We should bounce back up.
Trends, retracements, and reversals, all have a beginning, a middle, and an end. Unfortunately, confusion in identification of trend, retracement, or reversal occurs very often.
This should help with regards to retracements vs. reversals: https://futures.io/traders-hideout/48890-pull-back-vs-trend-reversal-5.html