Time to be less aggressive on the long side and look for shorts
Nasdaq has run up over 14.5% since bottoming on June 16th, 2022, time to be less aggressive on longs. We took out overnight highs again this morning on a fast retest, SNAP earnings damage reverberating through META GOOGLE and TWTR. Nasdaq needs a retest of the recent breakout zone 12,200, 250 points lower from here.
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