My IF-Then Statement On The Nasdaq

If Nasdaq goes above 2850 and breaks out of the current wedge it's in then it will likely go to 2900 before finding resistance. If Nasdaq breaks below 2819 then it's probably going to 2675 in a hurry. Both scenarios have the Nasdaq moving lower so it's best to either be on the sidelines or short. Trade accordingly.

There are multiple reasons to see XLF heading down to low $13′s.