This is the break that was expected since mid September. This will carry the NDX to 10,800 and if support does not hold there we can expect 10,400. We probably have 20 days on the down side before a meaningful bottom and buy point. This has been predicted by many which is my biggest concern. But we traders must play the odds and that requires use to liquidate longs and play short side. Actually the timing is related more to politics - election - then to the economy concerns. We know the central bank will support low interest money which will support the economy.
Be safe and not stupid
Be safe and not stupid
