S&P 500 reversal — start of a meaningful correction led by NASDAQ?

Yesterday S&P 500 attempted to up thrust the prior swing high formed in 8 Jun 2020 followed by strong last hour sell off with increasing supply while NASDAQ had a key reversal bar retraced back to the channel after rallying into overbought condition. Could this be the start of a meaningful correction for the major indices?

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 14 Jul 2020 trading session. In this video, I am going to show you the market recap on the…