The stock market topping pattern continues to get clearer by the day, and market breath continues to worsen. Dow continues to make new record high with fewer and fewer stock participating.
NQ gap-up open designed to trigger rallies continues to get aggressively sold, a clear sign that a sustained decline in the stock market is coming closer and closer by the day.
For NQ, Wednesday was the third day in a row that NQ gap-up opening above key support of 5900 continues to get sold. Massive buy programs continues to buy the declines, and it is another sign that bear market is beginning to assert itself.
On the short-term intraday timeframe, key inflection price level remains at 5900, support is at 5855 and resistance at 5935
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