The market sold off ahead of the long weekend closing deep in red. Major indices dropped below the 50 EMA beside the Nasdaq, but I cannot see much tech leadership here. The good news came ,as usual in the last time, from the volume. The thin volume together with the large weekly drop could led to a bounce next week. If this bounce will be tradable is the question, but at least few good quick trades should be in the cards.
Here an interesting chart:
Sohu.com Inc.
(SOHU)
printed new all-time high six bars ago. The stock dropped six days in a row on light volume since then. Watch for a bull flag breakout.