This chart, a chart of the 1% adv/dec line of the Nasdaq is at critical levels, and I am watching it carefully. The Nasdaq has had numorous Hindenburg omens in August (and while some may scoff, was a 100% reliable indicator last year), and in conjunction with the breadth chart below, bears vigilance regarding potential further decline, such as we had in February.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.