Photo by Kanchanara on Unsplash
 

Nasdaq 100 could soon break below the support formed during October and November according to this leading indicator for growth stocks — ARKK ETF. Watch the video below to find out why ARKK is the go-to leading indicator to predict the Nasdaq movement based on the Wyckoff method.

Video Length: 00:11:53

The bullish setup vs. the bearish setup is 53 to 581 from the screenshot of my stock screener below.

The inflection point showed up last Tuesday reacting to the CPI, which was the perfect short-selling entry. After several down days, S&P 500 is short-term oversold and could attempt to rally up. Traders could seek opportunities to sell on the rally for swing trading to the downside. 

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