THE DOW’S FIRST STOP COULD BE 4,000 POINTS LOWER IF THERE’S A REAL SELLOFF $QQQ $AAPL $AMZN $NFLX $FN $GOOG $GOOGL $SPY $NQ_F
Prudent investors prepare for different scenarios. Right now, the stock market is assuming two things. First, regarding North Korea, that people in power on all sides are rational. Second, a buy-the-dip mentality will prevail and machines that trade large volumes every day will not make mistakes. To understand that latter scenario, let us look at a very short-term chart and a longer-term chart. Very short-term chart Please click here for the very short-term chart of Nasdaq 100 futures NQU7. Popular Nasdaq 100 ETF QQQ traced a similar chart. I picked the Nasdaq 100 because it contains popular FAANG stocks such