The Nasdaq 100 fell substantially today,almost 3.50%
as technology stocks,were sold off big time, on the breakdown of the US/China Trade talks.
NDX 100 Daily Line/ Break Chart ( shown here)
shows that price fell all the way down to just above important 7300 Chart Support.
If NDX 7300 level fails to hold this current decline,
then expect the real possibility of a sharp continuation move down,
to Major NDX Support at 7000
I understand the appeal of trying to bottom fish technology
and pick up some of the finest stocks in the United States,
at a deeply discounted value right now.
Just understand,..
If you do decide to take the plunge, and buy into this semi meltdown of technology,
make absolutely certain that your price stops line up almost exactly correct..
for the overnight risk here.. is that price could "gap down thru" your stop,
on the next day's open,.. causing substantial risk of loss of your investment dollars.
NDX Last 7324.13
THE_UNWIND
5/13/19
NEW YORK
as technology stocks,were sold off big time, on the breakdown of the US/China Trade talks.
NDX 100 Daily Line/ Break Chart ( shown here)
shows that price fell all the way down to just above important 7300 Chart Support.
If NDX 7300 level fails to hold this current decline,
then expect the real possibility of a sharp continuation move down,
to Major NDX Support at 7000
I understand the appeal of trying to bottom fish technology
and pick up some of the finest stocks in the United States,
at a deeply discounted value right now.
Just understand,..
If you do decide to take the plunge, and buy into this semi meltdown of technology,
make absolutely certain that your price stops line up almost exactly correct..
for the overnight risk here.. is that price could "gap down thru" your stop,
on the next day's open,.. causing substantial risk of loss of your investment dollars.
NDX Last 7324.13
THE_UNWIND
5/13/19
NEW YORK