looking very bearish to me... tech's been carrying this market on its back for way too long. once the crypto executive order comes in it's adios amigos imho
I drew this red channel when it was clear a correction had started in tech back in November. It seems clear that many household names will continue to be taken to the woodshed this year... maybe it would be better if we took it all in one lump?
Blue channel below spans from the 2000 dotcom highs to the pre-COVID highs as guidelines for the upper range
