How Wednesday’s Map Kept Us Out of Friday’s Flush [Video]

Nasdaq had its worst day since June. Here’s the replay: the level that capped the rally, the line that broke, and why we stayed flat while ES ran within 18 points of our extreme.

A 3-minute replay of our ES week, hour by hour on the levels we published. Sunday’s map tested 4 of 6 levels, and all 4 did their job. On Wednesday, the Fed and Microsoft (MSFT) pushed ES through 7,805, and it gave it back within the hour. That failed breakout on good news, plus weak breadth and Alphabet’s (GOOGL) cash burn, kept us cautious. Then Amazo…