so far INTC has found support on that multi-year downtrend line that i recently highlighted.  again, INTC is my favorite long amongst the top 10 holdings in the $NDX/QQQ and can be used as a hedge for anyone with a swing short position in the Q’s.  the previous and updated weekly charts are below and i’ve also added a 60 min chart showing a nice bullish falling wedge pattern with divergence on the macd.  as prices are starting to break above that pattern, i will consider this an official long entry for both the long trade setup as well as the long-term trade idea.  i’ve added a few near-term targets for shorter-term traders on this 60 minute chart and but the long-term trade targets are TBD.  however, consider a stop under the recent lows (where INTC bounced off that downtrend line).