Hello Everyone,
Following yesterday's DOJI candles on SPX/QQQ/IWM, we saw a confirmed reversal today (Evening Star Patterns) in all three of these indexes. Heavy selling today in the NDX/NQ which was also accentuated by the upcoming Nasdaq Rebalance (7/24) that led to forced selling in the mega cap names (according to Goldman Sachs). This was kicked off with the reaction last night (sell the news) to earnings reports for both TSLA and NVDA. Needless to say, things were very extended and some froth was worked off today.
Please take a moment to look at the trade ideas.
