$Intel(INTC)$ It looks like $112.81 is the 50-day moving average. If it can trade above that level soon, the $121 gap close might be reachable within a few days. At this point, a lot of scenarios seem possible, especially since some big shorts are bullish or long in this sector. The recent selling looked more like forced margin-driven moves rather than anyone wanting to sell voluntarily. It feels like the next phase could be about letting sidelined buyers chase, and that might set up the next leg higher for the broader market. $NASDAQ 100(NDX)$
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