Tech took a hit yesterday – big moves setting up
With Netflix taking a hit after earnings last night, we saw the Nasdaq drop hard. But we are already seeing cracks in the indices and with the Dax giving us 2 Trend Predictor short signals on the Weekly – it’s time to be cautious. There are big moves setting up, let’s take a look at the charts.
Same as the EURUSD. Maybe time for a drop in Cable as the Dollar may strengthen if indices fall. We will wait for fresh signals.
After Netflix earnings drop the Nasdaq fell hard as most of the other FANGS fell with it. We have a 3 wave short signal on the Weekly so this could put this leading index under pressure.
We have a Trend Predictor short signal.
Starting to look weak, so waiting for a Pro-Trading System red short signal to confirm.