Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Plunge Accelerates in Nasdaq (QQQQ)


The last hour's plunge in the Nasdaq indices really started accelerating on a break below 1500 (36.60 in the Qs), which as we can see from the enclosed chart has triggered a plunge towards a test of the prior pullback low at 1484 (36.23). So far, that level has contained further damage.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his ETF Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!