Panic collapse coming
I added to shorts at Friday open from seeing a very bearish volume setup. The last post was about this. We have heavy distribution, bearish volume divergence and no professional demand. Retailers have been trapped into the wrong side. I see another 20% down move in the nasdaq in a near vertical fashion. I advise adding to shorts on nasdaq, s&p, dow, russell, tesla, apple, Microsoft and twitter at Monday open. There has to be a volume surge on dailies to set in a low. There are no signs of stopping volumes yet. Wide spreads with moderate volume are to lock out retailers. Look at dow futures. Worst day in 6 months yet volume at one month high. That is not climax volumes. Professional money is preparing for larger drops. Apple suffered a huge down day and had lower volumes than previous day. Same with Microsoft.