FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Markets here just past 1:30 PM with less then a half hour to go, earlier I pointed out the potential wedge in the S&P500/Dow and the potential double-bottom in the Nasdaq and Q's and said it's potentially bullish until the 2 PM FOMC minutes...

Well that formation led to nothing but range bound activity since then, but now the Nasdaq and Q's are breaking to new low's of the day here while the S&P 500 and Dow continue to be range-bound. The technicals were pointing towards a potential bottom in both the Nasdaq and Q's and despite this, they have just sank to new lows, this is extremely bearish as it's continuing to reiterate the trend that has been in play since Friday.