The NASDAQ closed below its channel line again on its 4-hour chart. We’ll see if it remains below it over the coming days. One further thing that’s concerning for the NASDAQ/tech stocks are that the short-term 15 minute chart is showing 5 waves down and 3 waves up (impulsive waves down). That warns that the main trend could be changing to downward, for the first time in a long time.
Reply To: My Thoughts On The MarketSean Hyman2021-02-22T15:12:47-06:00