NASDAQ heading for correction or Recession

TVC:IXIC   US Composite Index
NASDAQ looks more extended than in 2007 and close to the extension of the 2001 crash. The weekly RSI is showing one of the biggest bearish RSI divergences in the history of the NASDAQ chart so far. We are also getting a fresh red number 1 candle on the weekly TD Sequential. Could be a very nice spot to enter a short. Remember if you decide to short you are shorting a very bullish market on average tread lightly as it is highly risky if not watching on day to day basis. Cheers