Decision Time for Nasdaq:

If we see 7420 & 7500 today we most likely will see a regular correction behaviour with 7070 as next target this week. If we do not manage to hold this region today or even get lower than 7280, a waterfall type of decay like last Autumn is highly probable. Also from COT Data.

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here we are at i

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on the way to 7000...

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below 7300 i will get bearish again ....

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starting in 1.5 h today...