BenedekBokor
Short

Prepare for Monday Crash!

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
After having several distribution days in the last half a year, with the beginning of 2018 the Nasdaq has further accelerated from its usual uptrend, only to have a sharp 10% decline with volume increasing. It broke the previous highs later, but on miserable volume , followed by other high volume selloffs. The recent rally back to the 50 day Moving Average is also accompanied by significantly decreasing volume . All of these signs combined with the Bearish Engulfing candlestick pattern right at the 50 day MA is a really big danger sign for Monday. The S&P500             and the Dow is also showing the exact same patterns.
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