FWIW- I’m short the semis in several long-term accounts (IRAs, etc.) but plan to hold tight & swing for the fences vs. hitting another single like the recent official short trade where I closed my short position & went long for the bounce when T1 hit. I scaled back in on the bounce & as the intermediate to longer-term outlook is still bearish, I am willing to ride out any counter-trend bounces & even risk giving back most or all of my (relatively small, so far) gains on those positions.
While the potential for the NDX to hold support here & rally, possibly following a brief undercut of the daily uptrend line, is still somewhat likely, I still think that it is only a matter of time before that key support level, as well as those supports below the remaining FAAMGs & big semiconductors that haven’t yet broken down, will do so. Bounces are starting to get aggressively sold into which is a change of character for this market & I’d rather give back some gains than book profits now & miss out on much larger profits that seem fairly likely at this time.

Thx for that heads up. Forgot that it was good Friday. Cutting the trading week (i.e.- weekly candlesticks) doesn’t help the chances for a stick save in SPY.