FNGU In Freefall

This monthly chart of FNGU looks ominous. There are only three trading days left in March, so we'll see where the March candle closes. 

Until buyers step back in, with sustained conviction, into the 10 technology stocks making up this exchange-traded note that tracks 3x the daily price movements on an index of US-listed technology and consumer discretionary companies (AAPL, BABA, BIDU, NVDA, FB, NFLX, AMZN, GOOGL, TSLA & TWTR), look for the FNGU selloff to continue in April.

Japan's Nikkei 225 Buyers Drying Up

* See UPDATE below...

It looks like the buying in Japan's Nikkei 225 (JP225) began drying up in December, 2020, according to the Balance of Power indicator shown on the following monthly chart.

A drop and hold below 29,000 could see price drop rapidly to 24,000, or even 20,000.

Precisely what catalyst could cause such a sharp, swift selloff remains to be revealed.

* UPDATE March 30...

Catalyst?...