You might see a little more pain, but it should reverse before Wednesday. We're approaching the proverbial capitulation level I think. If any tech stock is worth buying, NVDA is certainly one. Maybe save some dry powder and buy some Disney if it hits $131ish today. Its $134 now.
This is what I see short term. 1st blue line is 10 % down in the 4300 area. It seems like we're opening in that area. The short term trend and momentum is no doubt down, so would be very cautious trying to pick a bottom, but this is a zone which could trigger some buying.
Getting some support here as we approach the Oct 21 lows. --Getting near the measured move target. Staying short for now.
Weekly here shows quite a bit of potential for a lot more downside.---May need to fill today's cash gap first.
Making some money short today, but BTC working towards 30k and below that can be ugly. Markets are starting to get a little ugly too. Not really getting any bounces, not that it is surprising given they set this dump up purposely awhile back. It's just a little concerning I'd rather not go full Covid. I know we're not there yet...... but at same time not that far away if we don't start getting some actual counter rallies.