Potential selling zone in Nasdaq.

May 12, 2016

One big up day followed by a big down day. The trading of the past two days almost completely ruled out the possibility of a near term new high for equity. The opportunity of shorting the market is better at Nasdaq IMO. AAPL is going to $80. Health care sector is also turning very bearish. The Nasdaq index is overall much weaker than the S&P. And it is in a triangle. I am looking forward to short the market at around 4435 or 4520. The down side target could very significant, below 4000 IMO.