well you got a reply from BullHeads( those committed to this being the new secular Bull---po' thangs:)
I will concur with you Laird, rallies will now be in of lower highs and lower lows trend, imo.
And NDX will continue to be the worst of the lot over time.
I can't, however, rule out completely SPX having a minor new high-- it has a remote chance.
But NDX as broken the levels i needed to see to confirm a bear trend in techs is in place, imHo, only--of course:)
We have now entrenched flight from risk that i believe has longetivity in it---that is bad for Techs.
Techs are flashing signs of a growth grind down.