The Nasdaq 100 Index (NDX) is leading the way down versus the S&P 500 Index (SPX). Looking at weeklies (5 day look backs), The NDX is breaking a major reversal (support and resistance) area at $15,483.
The Nasdaq 100 Index lead the way up, along with Tech, is now leading the way down. Expect a rating downgrade from Long to Neutral. See stock chart below:
The 1X Inverse Nasdaq 100 Index ETF (PSQ) is breaking out on the weekly reversals. Expect a rating upgrade Neutral to Long. from See stock chart below:
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| Nasdaq 100 Index (NDX) |
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| Inverse Nasdaq 100 Index ETF (PSQ) |
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