NASDAQ BREADTH HOLLOW

I wish I had more time to capture more timeframes, but these breadth templates are very resource intensive. In any case, what was seen in the NYSE as well as the TICK is also apparent in the NASDAQ as the futures hit another new leading low.

 NASDAQ Futures incredibly leading negative. Volume is off, but with breadth like this, no wonder.

 This is a simple % count of stocks in the NDX making new intraday highs, from over 80% to around 10% or so, but the damage was in the rally section where the percentage decreased instead of increased.

 The Advance/Decline Ratio for the NASDAQ 100, again although it is ugly now, the real damage was on the way up as it decreased.

This is the percentage of NASDAQ 100 stocks above or below their 1 min 50 bar moving average, recently hitting 70% below isn't a good sign, this is typical parabolic behavior.

Keep an eye on BEAV, it's been moving recently.

I'd be looking at some leveraged ETFs (short) that can be entered very quickly, they can be swapped out later for individual stocks, but when parabolic moves break, they break fast and a move like this breaking could do some serious psychological damage and send volatility through the roof.