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South Korea - $KOSPI daily - Chart Linkthere's now a reverse divergence on South Korea and gap was filled. Otherwise that 200 day MA may want to be tagged over time

in case anyone was wondering, no changes, they longs remain open

looks like it still needs

MU bear flag on 15 min 

Posted by matt on 15th of Jul 2026 at 03:56 pm

looks like it still needs a c wave up to complete that, I only see 2 waves up

place swing stop at 33.15

HIMS setup

Posted by matt on 15th of Jul 2026 at 03:40 pm

place swing stop at 33.15

Yes I agree with you on ORCL

per my comments this morning on the market saying to be careful of bear traps on the market

anyway guys I have a migraine headache, had to lie down, will do so again after the close

the ONLY thing in the back of my mind, and it's ONLY because of earnings season is that this is such a well spotted H&S, I mean every technician I see is talking about it, the market likes to fake out the masses when too many people see the same pattern is for price to go a bit lower on SMH, go below the neckline and 50 day MA get a trigger on everyone's charts, which triggers a bunch of people to short it, then BOOM reversal back up and trap them.  And maybe a bounce there would only form a lower higher and sell off hard later on, but it is something to at least consider given earnings season and the well spotted pattern.  we'll see, but I agree it's been my biggest concern.  If earnings season was not here then I wouldn't even consider this, 

Otherwise we continue to see this rotation out of AI and Semis into other areas, including FANG stocks APPL, GOOGL, META etc

HYG strong today

Posted by matt on 15th of Jul 2026 at 12:17 pm

HYG Daily New - Chart Linkwhile Semis remain quite concerning, HYG is strong today, some hope

MU down about 10%

Posted by matt on 15th of Jul 2026 at 12:15 pm

Compare SMH vs QQQ - Chart Linkthe downtrend line on the ratio is developing, can use it as a positive trigger for Semis in the future

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