SOXX (semiconductor sector ETF) is currently trading slightly above the primary uptrend line in the pre-market session following Friday’s breakdown with a solid daily close above to negate Friday’s sell signal & a close back below today to re-affirm it. White candlestick shows today’s pre-market trades on the daily chart below.
SOXX daily Nov 10th
With stock futures rallying on what’s being reported as a likely & imminent end to the gov’t shutdown, QQQ (Nasdaq 100 ETF) still remains below both the primary & secondary trendlines on today’s pre-market bounce, with the recent sell signals still intact, although watching to see if SOXX regains or remains below its primary uptrend line at the close today (unless we happen to get an large intraday reversal/drop) before adding or subtracting any short exposure on the $NDX. Daily chart below.
QQQ daily Nov 10th