NASDAQ something different this time

9 июл. 2014 г.

Nasdaq closed below 8 EMA first time since 16th of May. this time it feels different, because I noticed sector rotation. Money outflow from risky sectors like biotech, technology, social media, high-beta and 3d printing stocks. The key question is if buyers will manage to defend this low or maybe we will see deeper pullback. If sellers want to control price, they sohuld defend $3870-3882 area. $3841 was low, if price will go through then we can see 21 EMA at 3824.