The bounce of March lows has run smack into the 38.2% retracement level, and most stocks are looking very toppy as momentum long has slowed considerably.
Market leaders like GS that led us up have seen aggressive selling. BIDU is another stock that led market higher and is one of the strongest tech stocks.
The stock has put in a clear floor and head and shoulders, and with a faltering Chinese market and weakness coming into the sector. The stars are aligning for a move lower for BIDU so keep it on your radar