
A ‘KEY REVERSAL’ SELL SIGNAL BUT MOMO BUYS THE DIP
To gain an edge, this is what you need to know now. ‘Key Reversal’ Please click here for a chart of Nasdaq 100 ETF (QQQ). 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






