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Aug 17, 2021 11:09 PM

Nasdaq Composite on CRASH watch! Short

Nasdaq Comp Stocks Above 200-Day AverageINDEX

Description

The chart shows the number of stocks above their 200 dma versus the Nasdaq Composite index and you could see the very negative divergence growing wider and wider. Big tech is hiding the extreme bearish market underneath the surface. This is coming to a point of a very fast sharp crash. If you look at the QQQ ETF you will notice that AAPL is over 11% of the QQQ ETF in terms of holdings. Once big tech starts to fall it's all going to come crashing down.
Comments
tosborn123
Nice call
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