NDX is exhibiting late-stage market behavior characterized by high volatility with no net gains, signaling weakness ahead
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"Despite the wave of bullish analyst ratings, SpaceX shares came under selling pressure. The stock closed Monday down 0.98% at $160.42, trimming its weekly gain to just over 2% after profit-taking. By early Tuesday afternoon, however, the stock had fallen 5.31% to $151.90 after the market opened, extending losses even as investors digested its Nasdaq-100 inclusion."
"Look at what just occurred with the QQQ during June. On the chart below, you can see the ETF making an 8% round trip followed by another one of 5%. QQQ ended June almost exactly where it started. This is the behavior that worries me, price action that is symptomatic of a late-stage market rather than an early stage market finding its bullish wings."