$STX , there are new developments in the news: all three major U.S. stock indexes closed lower, with Google plunging 12%. Semiconductor and memory stocks, crypto-related stocks, and optical communications stocks mostly fell.
It's not uncommon for prices to rise instead of fall once the bad news is fully priced in, so don't rush to conclusions. I usually look at the four-hour chart structure first and use the news only to confirm the market trend.
#STX
No guarantee I'm right—make your own judgment.
It's not uncommon for prices to rise instead of fall once the bad news is fully priced in, so don't rush to conclusions. I usually look at the four-hour chart structure first and use the news only to confirm the market trend.
#STX
No guarantee I'm right—make your own judgment.