My recent indicator review works life that nosotros were seeing relative weakness alongside Technology shares as well as relative line alongside Consumer Staples issues. For that reason, the tech-laden NASDAQ 100 Index (above) has been lagging the wide stock market. This is non an odd blueprint during periods of marketplace weakness: to a greater extent than defensive, recession-resistant stocks outperform to a greater extent than growth-oriented issues.
We tin run into that, as well as then far this morning, that blueprint has non changed. The NQ futures (above) cause got made alone a dead truthful cat bounce from their Fri lows. I volition hold out watching to run into if NQ tin accept out its overnight highs as well as make around upside traction every bit ane possible enjoin for a bull rebound. If nosotros don't run into such a bounce, I'd expression at to the lowest degree a examination of the Fri lows.
Often, it's non simply the line or weakness inwards the market, but the specific patterns of line as well as weakness that supply useful data to the intraday trader.
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