June 26, 2020, 10:13 am EDT
Breakdown Alert
Dow Jones wiped out the entire rebound and down even more -400 points from the opening bell. Banks or financial sector (XLF) also retreated about -2.5% that yesterday became a one-day wonder.
The most important indicator is the technology sector. Especially, Nasdaq 100 is the leading index that led all the way up during the past three months. As we can see Facebook (FB) dived more than -4%. It could be a serious warning signal that major breakdown may be coming.
The key level for breakdown alert is QQQ 240 as mentioned in the doji reversal warning chart.
