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Market rebound or merely a correction?

Monday saw a spike by 6.8% or $10 to $160
Tuesday saw a drop by abt 6% or $10 back to $150
Wednesday saw a slight rebound to $153
Today amid the TSMC earnings report, stock has hit 155
The question now is to see if stock will surpass 160, or will market cycle reset and move downwards back to 120-130 for another buy in?
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