Another terrible day for the bulls

When I wrote my blog last night little did I think it would happen this quickly. The QQQ’s came down to close at the long term upward support line existing from late 2012. If it breaks this we are in for a more serious correction. Looking at the chart it looks like we will. $84 is still on the cards. It could reach it as early as tomorrow. The full half noon chart is developing nicely. Just look at the negative money stream and the Red selling. The 50 day moving average got left well behind today. See chart here

More again as things develop. Pat