Member @specie had mentioned the possibility of an Island Cluster Reversal in the trading room yesterday, which so far, with today’s gap down in QQQ has proved to be the case. Should the Q’s failed to backfill today’s gap & then some, this fairly reliable topping/reversal pattern will likely have lasting bearish implications for the stock market.

QQQ Island Cluter Reversal April 1st

QQQ Island Cluter Reversal April 1st