Nasdaq LONG term chart

NDX 100 cash 2-week chart

The negative divergence between price and RSI is obvious(Higher prices but RSI seems to be trending down)
Rally has accelerated away from the longer-term trend line  (SOLID RED)

Even a correction to the steeper trendline (DASHED RED) would be a 14% decline
A fall to the LONGER term uptrend would be a 30% fall

"To subdue the enemy without fighting`is the supreme art of war." - Chinese philosopher Sun Tzu

G20 - weekend it's a CRAPSHOOT -a risky or uncertain matter.

full of news - will Trump and Xi agree to be friends?
(I put it in the vernacular form, as Trump speaks like this - and quite often in a very child-like form, which is probably why he appeals to half of the American people)


So  looking at the charts :
Dow Industrial  - (I'm not an expert in candlestick formations but do refer to a book I have dealing with Japanese Candlestick charting)
What can we see?

1.  In candlestick terms each of the highlighted moves has a long bullish candle, followed by a "spinning top" - a sign that buyers and sellers are evenly matched or indecisive.
2. Looking at the firs 2 highlighted patterns : these are called " Evening star" they usually occur at the top of a trend.
3.  This implies that the next big move will be down..HOWEVER as this weekend is a CRAPSHOOT - several scenarios can happen.

a.  A large gap and crap
b.  large gap up and continue
c.   large gap down and recover
d. large gap down and continue
e small range trade

"Do I feel lucky?' Well, do you, punk?" 


So...if you're feeling brave - take a position
If not flat is also a position - and there will be trades to do after the event.