Nasdaq 100: My Big Fat Engulfing Candle

The day is young so this is obviously not a given; but so far NDX is on its way to painting something that legions of bullish momos, casino patrons, day traders, quants, black boxes and substance abusers would not be pleased with; a bearish engulfing candle.  What’s more, it is coming amid an ongoing negative divergence of new high after new high (including today) by RSI.

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