Tech’s confirmed their stretched Posture today…

Key day today, market is showing that traders of the Tech stocks are fully on board by reinstating their long positions. The RUT / NDQ ratio closed at 0.1100 and while the NDQ showed some weakness on the close at 20,439, shy of the important 20,453 level, it did trade at 20,493 during the session.

The next shoe to fall will be disappointing tech earnings.

The AI bloom is over.

To me, SQQQ, SOXS, and SSG, short tech ETF’s, look appealing here.