The main thing is, I don’t know—after South Korea triggers circuit breakers twice, will U.S. stocks keep dropping and South Korea keep triggering circuit breakers too?

This is the hardest question to figure out, because if the stored memory rebounds, at least one memory stock has to lead the rally to put an end to the sentiment.
So tonight’s performance of U.S. stocks nas100/SNDK/mu during the session and after-hours is relatively important. The key point is whether nas100 breaks down out of its consolidation range. If it breaks down and sells off hard after leaving that range, then don’t buy anything.
If it’s just a false breakdown and rebound, and tomorrow SK hynix similarly dips down and then gets pulled back up like on July 3 from 8:00 to 9:00 (a needle-dip and recovery), then it’s fine to open new orders and chase.
Last time, after the huge crash, Jensen Huang talked about storage and mrvl; this time, why hasn’t he said a word?