Short of a miracle, it sure looks to me as if the mega cap stocks that fueled this 2 year rally have lost their fuel and are head down, and possibly in a big way this year. The trading channels are very clear for this ETF. You can see where they lost the steeper bull channel, retested it, and now has lost it (likely for good).

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DJITechnical IndicatorsmegacapNASDAQ 100 CFDQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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