The technical level to watch on the Nasdaq is 6325, which is a major support level (.236 fibo). If breached, the index will likely experience a crash. Here is how this pattern has resolved in the past:
Bearish:
Bearish:
This is looking more and more like a potential financial crisis, so keep an eye on banks as well.
Bearish:
This is looking more and more like a potential financial crisis, so keep an eye on banks as well.
Comment:
This idea is now invalidated as the index soars higher toward ATH.
