$NDX and the Wedge of Death.

It sounds like a rather cheesy Indiana Jones movie but we can clearly see a few things on the NDX Chart that stick out like a sore Thumb.

While we do have bullish looking activity on the lower time frames the fact of the matter is the NDX is Bear Flagging once again and flirting with disaster near the lower break of the flag trendline.

It may well be recovering at the Trendline but for the moment we need to play this out by the numbers. Any break below the bear flag will result in a rather large flush into the Market Maker's Target of 14,058.33.

Every Index and most of the Mag 8 are printing Death Crosses on the Daily. While we tend to recover from these steep sell off's, there always comes a time or two that we keep on selling.

Be safe and follow the Market Maker.