Nasdaq 100 IndexShort
$NDX A Gravestone Away
As we can see, the NDX on the weekly chart is on it's last leg.
The printing of a classic Gravestone Doji at the end of the week signifies extreme weakness in the Tech sector.
There are many targets below whereNDX has gapped away from previous areas of resistance.
Taking a look at the
DJI Index, it appears as though large hedge funds and investment firms are scared or over extended.
This because the Dow Jones is now diverging from the market and rotation is underway in a big way.
Monday is going to be a Hell of a Thing...
The printing of a classic Gravestone Doji at the end of the week signifies extreme weakness in the Tech sector.
There are many targets below where
NDX has gapped away from previous areas of resistance. Taking a look at the
DJI Index, it appears as though large hedge funds and investment firms are scared or over extended. This because the Dow Jones is now diverging from the market and rotation is underway in a big way.
Monday is going to be a Hell of a Thing...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.