The Nasdaq 100,made up of the premier technology stocks
in the U.S,has topped on the chart,
and is leading the market break,back to the downside,
as buy the dip bulls, are clearly being overwhelmed
by large block selling from institutions looking simply to exit positions
in these stocks that have lead the bull market before the end of the year.
This is an important move back down in NDX.
If the October 2018 low hold at 6713, Also a Long Stop Point
then potentially an important bottom might be set up.
But its way to early to tell.
Continue SHORT, as TREND is CLEARLY DOWN
in the Nasdaq 100.
THE_UNWIND
11/12/18 1030 am
New York
in the U.S,has topped on the chart,
and is leading the market break,back to the downside,
as buy the dip bulls, are clearly being overwhelmed
by large block selling from institutions looking simply to exit positions
in these stocks that have lead the bull market before the end of the year.
This is an important move back down in NDX.
If the October 2018 low hold at 6713, Also a Long Stop Point
then potentially an important bottom might be set up.
But its way to early to tell.
Continue SHORT, as TREND is CLEARLY DOWN
in the Nasdaq 100.
THE_UNWIND
11/12/18 1030 am
New York