$SNDK This rebound is indeed impressive,

But A-ge is still saying the same thing: “A rebound doesn’t equal a reversal!”
Today, the stock markets in Japan and South Korea all closed higher across the board. Korea’s top officials’ F4 group will also hold a meeting this Thursday to study the situation. The market has pointed the finger directly at leveraged ETFs. The government is stepping in to rein them in, so sentiment naturally bounces first.
At the same time, Goldman also came out to state that “this round of correction isn’t because semiconductor industry momentum has peaked; it’s more about liquidity-driven positioning being concentrated and then unwound.” This also gives them a reason to bottom-fish.
This rebound is clearly the result of a dual sentiment repair convergence: “Korea’s market rescue + Goldman’s remarks.”
To get back to the bullish trend, you must strongly break above the previous 7’s high at 1988. Otherwise, it will test 1500 again. Once it breaks below 1500, then watch 1336 below here—this could even be the ultimate bottom.