Technology stocks are experiencing significant gaps due to announcements about the trade dispute or the quality of Chinese growth. The centres of destabilization are therefore becoming more prominent and the signs are heckling. Nasdaq does not escape these "intraday" amplitudes.
For several sessions, the level of the Vix has risen to 25 from 14 throughout July. Over the last five days, variations can rise for some securities to more than 15%, this is the case for NetEase, AMD or JD.COM.
Graphically, in daily data, there is a discrepancy between the short averages that are oriented downwards and the long moving averages, which are always positive. The blocking under 7740 points twice validates the relevance of the area. A fence beyond this upper limit will be required to eliminate the major downside risks. On the other hand, under this resistance, the objective of returning to 7300 remains accessible.