NASDAQ's Uptrend Is Over

Let's look at the weekly bars chart of ONEQ, the etf that tracks the NASDAQ Composite Index.  What we find is behavior very similar to that of the Dow which I posted about earlier today. 

Just as with the DIA, this is an accelerated up trend that started a year ago and is 98% complete, essentially over.  This TB-F curve is fitted in a compromise at several pullbacks, so I feel good about it.  And just as with DIA, my usual caveats apply.