New High on Low Volume = Yellow Flag

Spy2007416

The Spiders (AMEX: SPY) and the Cubes (NASDAQ: QQQQ): 1:45 AM NYC time, April 17th:

Just a quick update to not the new high on low and declining volume. That’s a yellow flag. The NASDAQ didn’t quite make it to a new high… but it…


…did put in a hanging man candlestick (another yellow flag). See chart below. Cheers!

Nasdaq2007416

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