On a day when the Nasdaq and the Dow tumbled along with the U.S. dollar and Treasuries, is this major market about to crash?

Tech tock…Tech tock…
(King World News) – From top Citi analyst Tom Fitzpatrick:  The technical picture on the NDX (Nasdaq 100) is looking increasingly precarious in the short term. This continues to suggest a double digit percentage move down from the highs looks likely.

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A break below these supports would suggest the potential for high to low losses in the region of 9% to 12%….

A similar dynamic exists on the NASDAQ composite.

1987 Stock Market Crash vs NDX Today

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This overlay would yet again suggest levels down towards and possibly below 5,000 could be seen in the weeks ahead…..more here