NASDAQ 100 – What's brewing beneath the surface?
Second-tier stocks have been declining since mid-August.
Approximately 70% are in intermediate-term downtrends, and 45% are in long-term downtrends.
A select group of large-cap tech stocks is holding up the index.
What's next?
Scenario A: Second-tier stocks join large-caps at new highs
Scenario B: Large-caps join second-tier stocks at new lows
I think B is next
