September 16, 2013 – MDT – Nasd 100 Pattern Alert!

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A close for the Sept Nasd 100 minis below 3161.75 and below 3163 for the Pit session puts in an ORL day. ( 3155.25 December)

This is a price negative pattern.

Investors are taking money off the table going into the mid week Fed meeting.

After making new yearly highs today, completion of this type of pattern would not bode well for the Index.

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