Market Trend Has Been Broken- Recession Ahead?

I believe the major indices have broken support and have rolled over. My prior posts regarding long positions should be avoided. I am now looking for entry points for shorting either the NDX, QQQQ, SPX with long dated puts. Also, the markets will not go down without dead cat bounces so a tight stops and periodic plays to the long side only as a day trade will be recommended.

If NASDAQ breaks 2720 support level, then this bull market is done and we will be in bear territory. Keep an eye on the Asian markets on Sunday and if they tank hard, it will reverberate into our markets on Monday. If you have losses on your positions in stocks, take them and go to cash. If you haven't tried to short the market before, don't. It is hard and it can back fire. If you must short, use long dated put options. But in this case, cash is king, respect the market. It is screaming for caution!

I am currently short Apple ahead of its earnings, Google, and plan on scaling into Amazon puts as well as QQQQ puts.

Be careful!