MM has been calling the US tech based NASDAQ index to scale the 14,000 region for months before the risk / reward would favour de-risking. The scenarios simple, our targets been reached and while there’s no fresh news or technical triggers to say failure is unfolding we are cautious as to what comes next, the chart below shows that a 10-15% pullback would hardly make a dent in the post COVID advance.
MM can see US tech failing from the current 14,000 area
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