Watching $COMP post-market - interesting swing for tomorrow
Saw $COMP dip today, closing around 11.42, down a fair bit from its open. The range of 11.375–11.85 suggests some indecision, but the finish near the low end is something to note. There's been a lot of chatter about the latest inflation figures and how that's playing into rate expectations, and it feels like the tech sector is particularly sensitive to any hints of continued tightening.
I'm not jumping in yet, but I've added a few more levels to my watchlist for $COMP tomorrow. If we see a follow-through breakdown, it could indicate the market is still pricing in more hawkishness than some believe. Conversely, a bounce off this lower range could set up an interesting short-term recovery. Keeping an eye on the broader market sentiment and any Fed speak that might drop overnight.
Agree on the tech sensitivity, but COMP specifically is a bit of an enigma. Are you betting on a dead cat bounce or a continued slide given the broader market sentiment?