It sure feels like it’s time to grab a seat in this game of musical chairs. The NASDAQ has made three bearish candles in a row over the last three days — two doji/hanging men followed by a bearish engulfing that took us to the lows of the week. It now sits just above that 2100 - 2110 support level. I’m expecting a serious battle in that range. I’d still like to see the NASDAQ drop back to its middle Bollinger Band (20 DMA), which sits around 2064 right now.

NASDAQ Daily