Nasdaq 100 Futures Plummet No One Saw This Coming,Or Did They
Nasdaq 100 Sept/2018 Futures ( NQU18) fell 141.50 points from Historic Contract High
of 7530.00 to 7388.50, in a little over 2 hours of trading in after hours on 7/25/18
Facebook, one of THE FANG stocks dropped a bear market 20 + % after earnings shortfall, and surprisingly sharply lower guidance.
A blow off rally close in the $NDX above 7500 was accompanied by serious divergence
including an A/D Line in Nasdaq that is falling ..and a Bullish Percentage at 65% .Feb 18' High was above 80 !
They are already saying... that the crowd did not see this coming. They were blindsided. Leadership given to a few anointed few.
No one saw this coming. Well, .. perhaps some of us did.
THE_UNWIND
of 7530.00 to 7388.50, in a little over 2 hours of trading in after hours on 7/25/18
Facebook, one of THE FANG stocks dropped a bear market 20 + % after earnings shortfall, and surprisingly sharply lower guidance.
A blow off rally close in the $NDX above 7500 was accompanied by serious divergence
including an A/D Line in Nasdaq that is falling ..and a Bullish Percentage at 65% .Feb 18' High was above 80 !
They are already saying... that the crowd did not see this coming. They were blindsided. Leadership given to a few anointed few.
No one saw this coming. Well, .. perhaps some of us did.
THE_UNWIND