Is the NASDAQ 100 Topping out

Observation on 7th of Jan
11) DARK CLOUD ( 27th , 28th & 29th Dec
With a Doji ( 29th Dec ) .
A Bearish Engulfing ( 4th Jan , 22 ) in an Oversold Area ( Short Stochastic )
2) 92.06 on Stochastic ( Oversold )
3) Price at a new High and forming a Double Top
4) Price Falls on Above average Volumes on . Volumes as follows
3rd Jan .....4412 Million
4th Jan ....5019 Million
5th Jan 5011 Million
6th Jan 4774 Million
7th Jan 4229 Million
5) Weekly Bullish Trend Line Broken
6) Price below the 50 EMA for last
two days .
7) 9 EMA crosses below the 21 EMA

How to Trade
1) Price in an area of Support .
2) If price closes below 15634 or Trade Sideways , wait for a sell
Signal . Sell with a Stop Loss at 15861

tradingview.com/chart/TgglB5DR/
Technical IndicatorsTrend Analysis

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