From Breakdown To Squeeze: Tech Just Flipped The Script

Back again

The bounce came fast, and more importantly, it came clean. Trendlines got taken out, resistance gave way, and suddenly the narrative shifts from breakdown to squeeze.

Positioning has been flushed, tech has been aggressively de-risked, and sentiment is no longer stretched on the long side. Yet price didn’t collapse. It held, and now it’s reclaiming key levels.