This is caused by heavy distribution met by heavy accumulation. Big funds are taking profits up here for the year.
i_c_fed_people, You are Brianharvey right? The guy that disappeared after getting caught in a buy 1 sell 2 thing? Brianharvey's last post was in Oct., that's when you registered. Although, I must admit that was in the spirit of the thread starter buy1sell2 (in name only, of course)
So this is on top of your short 1/12 @ 119950 dec looking for 114000+ That is one hell of a risk... NiN
NQ is likely to head towards next resistance of 2,256. Notice the big IHS, its neckline broke 2,056, pulled back towards it last month & now up again. Beyond 2,256 break is 50% range of 2,840. http://www.dormantrading.com/Trader...&a=M&studies=SMA(20);&density=H&cancelstudy=0