We observed a fairly strong bit of selling this morning in the Nasdaq, possibly fueled by the very weak day seen in AAPL. There are also several early breakouts fading throughout the stock complex. A bit of a rout is reasonable given the elevated price levels of late, the key however is maintaining some semblance of method to the tape as opposed to panic-type selling.
With that thought in mind, I have mapped out a hypothesis of how I envision the next 2-3 days to trade. This is not fact, this is not prediction, it is merely a template to compare to how the tape actually plays out.
