NDX - Thanks for bringing that index up, as the 8% decline over the last week has breached THE key line today.... that rising diagonal line it needed to remain above for the technicals to remain bullish. That line is at 13,105 today, the number that just repelled the furious 300 pt come-back rally attempt minutes ago. I'm afraid AAPL'S plunge, being the #1 weighted component, has put an untimely end to our quest for a top line throw-over party. I haven't thrown in the towel on the 3 amigos (MSFT, AMZN & FB) achieving their unmet targets, but expectations for further upside in the NDX are now jettisoned. That is not a line that can be crossed without consequences, and AAPL, TWTR, INTC, TSLA et al will lead the charge lower in the NDX, in spite of any remaining higher highs by the amigos. That my friends, was a MAJOR iceberg ripping a gaping hole in this ocean liner, with no foreseeable recourse.
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