SOX Holds the 100-Day as Kospi Breaks Its Topping Pattern; Iran Escalation Returns

Nasdaq-100 futures were down -0.6% before he market open, though I was surprised they weren’t down mre as the hyper-leveraged AI/Semiconductor casino that is the KOPSI, was down over -10% overnight. I’ve highlighted a messy toppy pattern forming in the KOPSI. This is a clean break of the topping pattern. (Daily) Similar to Monday’s open,…