Originally, there were signs for this kind of crash, so I should have written something yesterday...
I was too worried about the Tesla battery warranty repair to write anything...
Anyway, the KOSDAQ has dropped -8%,
Philadelphia Semiconductor -10%
Nasdaq -4%
There was a general crash of tech stocks classified as high-risk.
There have been quite a few Hindenburg Omen signals in the last 14 days, and there were 3 consecutive days at the beginning of June...
It's not data I trust 100%, but if it appears more than 5 times, it's one of the old(?) signals that has a high probability of leading to a deep adjustment.
Three consecutive days are quite rare during the year, so I thought the KOSDAQ would drop on Friday,
but I never imagined it would fall this much...
Right now, everyone is more sensitive to downward signals than upward ones, so it's expected that a fairly deep adjustment will begin next week.
For those who haven't been able to switch to cash, I recommend waiting and watching rather than reacting immediately on Monday. After a technical rebound, you can then take action.
Yesterday's adjustment broke the 10-day line based on SOX (Philadelphia Semiconductor), opening the way down. In the worst case, we may have to see a drop of up to -30%, and the KOSDAQ could even fall to the mid-6,000 range... Probabilistically, support in the 7,100~7,300 range seems likely.
If there are no further major setbacks after Monday's sharp drop, a technical rebound is possible. It seems that a time for patience has begun. I was also stunned and suffered a large account loss, but since this adjustment occurred before the second quarter earnings announcement, it seems likely to be a turning point in this upward trend.
If a clear upward trend doesn't emerge even after the second-quarter earnings announcements of various companies, it may be time to revise our overall strategy.
June 24, 2026 The Micron earnings announcement is expected to be the biggest turning point. Everyone, please stay mentally strong on Monday and deal with the situation calmly and coolly. I wish you all well.
