Nasdaq 100 unable to hold a move above 20k

On Friday the noted rise above 20k in the Nasdaq 100 for the first time ever, did not last into the monthly close. The index firmly rejected that and in the process later reversed sharply lower. The Nasdaq 100 reached 20,017 on Friday, but the slide that followed saw it drop to a low at 19,665. So, once again we had a massive outside day reversal from another all time record high. The same applied to the S+P 500 too, but more on that later. If you care to look at a daily candle chart of the index you will see a very clearly defined shooting star and that is not positive. The thing is though, this index just keeps ignoring such technically negative closes. It just remains to be seen how many times this will keep happening, before it defines the ultimate end to the trend. The Nasdaq 100 closed 106 points lower on Friday, at 19,682. The Nasdaq 100 futures are higher right now this morning though, perhaps buoyed by the opening outlook for the European markets today? The current indication is for an opening this afternoon, at around 19,765