Technical Tuesday – Weak Bounces Ahead of the Fed

As you can see, the Nasdaq 100 has now failed the Weak Bounce Line (19,200) Thursday and yesterday and, as you can also see - we stopped dead (as in cat) at the declining 50-half hour (not actually a thing) moving average, which is very very weak technical resistance - AND WE CAN'T BEAT THAT!!! That is, in technical parlance, not good...

Here's a fun game, find the last closing volume spike that wasn't red. It was over a ...