Nasdaq-100 Volume Deterioration Reversal
Declining volume and deteriorating market internals in the Nasdaq-100 suggest that buying enthusiasm is fading and participation is drying up, signaling a potential reversal.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
"This Index Is Collapsing, The AI Bubble Is Popping - Wake Up"
"Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence (AI) spending and uncertainty about the Federal Reserve's interest rate outlook."
"The Nasdaq and S&P 500 declined amid pressure on chip stocks."
"Bulkowski observed that the strongest Diamond Tops often exhibit peak volume near the pattern's highest high, followed by steadily declining volume as the formation matures. That volume signature suggests participation is drying up as buying enthusiasm fades. The current QQQ chart displays that very behavior."