After 4 days of intense selling, we're back to new cycle drawdown lows in the Nasdaq-100. Meanwhile, the selling has pushed us below the lower Bollinger Bands on multiple time-frames (weekly chart left and daily chart right). It's nasty out there.
Evan Medeiros
Founder, Trade Risk
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Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: www.thetraderisk.com/trading-newsletter
Founder, Trade Risk
---
Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: www.thetraderisk.com/trading-newsletter