Friday trading on the NASDAQ 100 (NDX) gave us a rare pattern with 2 components.
One is the the daily data. First huge gap up when open is above high yesterday and second a black candle. Not a positive signs for bulls.
Second, we entered a possible turning point according to volume reading - please see the chart and what happens when the volume is above the blue line. Usually a reversal point. So be careful out there. I am not short yet.
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