Hello Everyone,

Over the prior two sessions, we had seen a rotation out of Big Tech/Semiconductors and into other sectors. That theme continued again today with the SOX and XLK continuing lower.  NVDA has now lost over $400 Billion in market cap in just three days.  When you see and index like QQQ riding above its upper BB for several days, you normally see a retracement as that type of action is simply not sustainable (nor common) for a major index.  One thing to note is that volume has been contracting on this decline for SPY - continue to monitor. 

ES levels posted on trading community. 

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.