‘Key Reversal’

Please click here for a chart of  Nasdaq 100 ETF ().

Note the following:

  • Today a ‘key reversal’ occurred in Nasdaq.
  • In traditional technical analysis, a key reversal is a sell signal.
  • The trigger for the key reversal was twofold.
    • A sharp rise in interest rates.
    • Extreme bullishness in sentiment on tech stocks.
  • The chart shows the key reversal.
  • The momo crowd aggressively bought the dip and has continued to buy aggressively as of this writing.
  • The VUD indicator is the most sensitive measure of net supply demand in real-time.