claydoctor
Short

NASDAQ double top could be in

INDEX:NASX   Nasdaq Composite
139 0 2
Concerned about price to strength here. Note the previous 10% dips had higher RSI and MACD . When these two were higher, the dips were less. Of we break through the channel trend support, large red line, 5-11% possible, confirming a double top formation now. But hey, calling these dips has been very tough to do when so many, so powerful are doing all they can to keep it from happening, until... ? There will be a day of reckoning for this market, is that this week? 3 day weekends are notorius for corrections, or worse, and July 4th coming up soon. I have July 6th as one of my significant chart dates of hard action either way.
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