Managed to recapture the 0.38 Fib at $176 after the market sentiment rose after the Fed spoke and we will watch to see if this is Wave A complete now and we get a bounce for Wave B next.
$INTC was awarded $8 Billion today from the US CHIP policy act and this barely moved the needle on the chart so I will watch the sector closely.
A continuous hold on this $176 level here and it is a good entry to catch Wave B I believe.
Charles D
2024-03-21 09:36:49 +0000 UTC