The BDC’s (business development companies/private credit sector) continue to melt down as BIZD has now hit T4, along with sell signals triggered on QQQ, /NQ, SPY, etc.. Based on the fact that QQQ & /NQ impulsively broke down below those primary uptrend lines today (as I was covering the BDC’s in today’s previous video), it might be prudent to hold off on buying BIZD or any of the BDC’s at support or, at the very least, only a small, starter position with the appropriate stops below. Daily chart below.
BIZD daily Oct 10th