NDX lowe low???

Although price is still above 200SMA, we may be a bit concerned with the lower low that reached 94% FIb from 7023 to 6164. This is a warning sign that a top may be forming. However, as long as price stays within 6164 and 7023 bracket, I won't be looking for opportunities in Tech stocks. Standing aside. Of course other traders may have different opinions, but it is always important to know your edge and act according to your strategy and plan. As a trend trader I look for trends that last from weeks to months to years, so I can also wait some time on the sidelines preparing for the favourable conditions.