IF the Nasdaq takes out yesterday's lows in the days to come.
That could be a sign of a bigger drop on the way.
Not a short term reaction like yesterday's short squeeze but a longer term rotation out of Tech.
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After the squeezed all the short out after the FED Meeting they had to cover at the open.
Once that move was completed. The money managers went into longer term mode. They started rotating o9ut of Big Cap Tech which is vulnerable to higher rates. twitter.com/MasterBJones/s…