After talking about the US stock market being overbought at its peak before, there are probably two ways to adjust. $Nasdaq Composite Index (.IXIC.US)$ Not breaking MA10 is a short cut. Breaking last week not only broke MA10, but also broke MA20. That is certainly a weekly adjustment.
However, technology stocks, which had previously led the rise, fell for a full week, and some thematic stocks even recorded their biggest weekly decline this year. In the short term, overbought instantly became oversold, plummeted, stabilized, and then they were about to rebound. However, yesterday's rebound was declared a failure; it depends on whether today's rebound is established, as well as the strength and volume of transactions. From this, it can be determined whether it was a dead attack or whether it was completely stabilized. Anyway, before there is a steady shift in the trend, catch a bit lightly and keep watching for one or two trading days. I'm in a hurry and can't eat hot tofu. There is a possibility of interest rate hikes next month. It's not a big or small bad boot. Before they hit the ground, the bulls were in this position a bit fictitious.
On the other hand, Hong Kong A-shares are the opposite. They fell too much throughout the second half of June. Recently, there have been signs of warming up. There are not many individual stocks or anything. You can play around in the short term $CSOP Hang Seng TECH Index Daily (2x) Leveraged Product (07226.HK)$
$NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$