The semiconductor index was a little more comfortable in holding the 50-day MA as support and is the best avenue for driving the rally in the Nasdaq and Nasdaq 100.
Large caps were a little more uncertain and are at risk of greater losses. So the question is, which of large caps or tech will lead? Tech currently leads large caps so that's good news for bulls.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website