The until recently unstoppable Nasdaq is suddenly cracking, having failed to clear the upper bound of its YTD range (which it undershot in April and then overshot in May as TheMarketEar first noted). As of this moment, the index is back inside the range, breaking below the 21 DMA for the first time since early May, with 50-Day support looming just above the 18200 level...
... as the SOXX semiconductor index finds itself on the ugly side of a double top...
