Nasdaq Composite

5 Apr 2014 ‚óŹ 10:09 AM

Last weekend I wrote that the Nasdaq was at a critical level, The rising chennel and 20wma were being tested. They did not break then and prices rallied, and in one day yesterday we are below both those points indicating that the negative divergences on the weekly charts are indeed playiing out. If so this sell off should be far from over as far as the US tech market is concerned.


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