The NASDAQ has just broken the ascending trend line, on increasing volume. It may be getting into consolidation, or start a new downtrend - who knows?
But clearly, the market conditions have changed, so I need to adapt my trading strategies as well.
I will stop taking new Longs, and pretty much liquidate all my open positions, when the market opens in the next trading session.
I'll sit on my hands and just see what the market wants to do next, before jumping back into the market.
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