In today’s briefing:
- NDX Short to Bleed into Asia
NDX Short to Bleed into Asia
- NDX continues to hug lower range support after meeting the 13k short level. 12,050 is the level to break to ratchet lower to 11,800. Ultimately, new lows attract.
- Use an uptick to add to this short and linked assets. USD strength, higher yields will weigh on tech going forward.
- A rotational shift is due that favors a more defensive stance.
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