dinsdag 13 juni 2017

Phoenix Capital; The FANG Bounce Is Ending

The technical damage to the stock market has been severe. Since the start of 2017, nearly half of all market gains are coming from just five large Tech stocks. However, that move is now ending. The NASDAQ has broken its bull market trendline. Today’s bounce has done nothing to fix the slowdown in momentum. In fact, the NASDAQ just slammed into overhead resistance and is now preparing to roll over...


The next drop will bring the NASDAQ to 132 or so...


This could EASILY trigger a 7%+ crash in the S&P 500 which has yet to adjust to the Tech sell off...