Out of the 3 major markets we have been observing how the #Nasdaq has been leading the others on it's way lower in the charts.
The first piece of evidence was when the area of buying we located on the daily chart was removed by the banks.
This how now led to the banks pushing price down into the weekly are of buying we have located that - if removed - could lead to a lot more downside to come.
What are the positions being held by the banks telling us? They are still mostly long but overall sentiment is neutral so there isn't strong momentum that would sustain any upside momentum from here as of yet.