NDX29173.02 rebounded alongside SOXX548.78 after SOXX tagged key support intraday https://www.meridianresearch.app/classic/notes/e8011585-60e7-4d99-a02b-84102b960e75 https://www.meridianresearch.app/classic/notes/58d7b131-1956-41a5-b97e-f258f38655f3. Then the U.S. escalated by revoking Iran's oil waiver, which is a breach of the MOU. Oil surged in response and equities dumped.
NDX closed below key support today, as shown in the chart below. It needs to reclaim that level in the next few sessions. Otherwise, this could be the beginning of the end.