Update to Idea ... Nasdaq broke structure and started with its fall today. Current technicals point to a short 'respite' which may see it recover some lost ground, but Nasdaq has more or less started its deep dive due to the following factors:
1. End of Earnings season. (Usually the majors see rotation post earnings)
2. Delta, Mu and the New South African unnamed variant.
3. Hurricane season- for some reason has had an effect on the tech100
4. Overbought in Monthly, Weekly and Daily charts.
Am sticking with my broadbased Nasdaq sell. Target to 1000 points lower. Will add to my position on 'retracements'
1. End of Earnings season. (Usually the majors see rotation post earnings)
2. Delta, Mu and the New South African unnamed variant.
3. Hurricane season- for some reason has had an effect on the tech100
4. Overbought in Monthly, Weekly and Daily charts.
Am sticking with my broadbased Nasdaq sell. Target to 1000 points lower. Will add to my position on 'retracements'
