NASDAQ Diverges From The Other Indices. Volume Increases.

The NASDAQ represented by the QQQ’s had a major short-term decline trading and closing below two important support levels. The SPY and IWM both traded down to short-term support but held. While I anticipate a possible pause in the decline tomorrow, any lower prices that are accompanied by a continuation of increasing volume will suggest the possibility of a greater degree time and price move developing.

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