Taken from my parent site: Fallondpicks.com We are starting to see a series of gaps appear in the tech markets [ NASDAQ and NASDAQ 100 ] which is often a sign of exhaustion runs. The increase in volume is another sign a rabid buying; soon buyers will run out of ladder rungs to climb. Friday's black candlesticks in both tech indices are common tops under these conditions; when bulls are unable to maintain early day enthusiasm and succumb to selling pressure as the trading day wears on. The lack of consolidation in these markets makes finding support harder to define. At least for the NASDAQ 100 there is clear support at 1,628, for the NASDAQ it is nearby at 2,219 but it won't take much selling pressure to break this support. At least on the technical front there is no immediate sign of weakness; MACD, on-balance-volume, and slow stochastics are strong with no hint yet of bearish divergence (which will need a retracement and higher high in the market, and lower high in the techn