QQQ Breadth DivergenceNasdaq 100 Stocks Above 50-Day AverageINDEX:NDFIpakoumalRallies can continue (AAPL, TSLA & MSFT pulling weight), but FOMO risk is high if breadth doesn’t expand Unless NDTH starts climbing back above 60-65% in the mid-term, the rally will stay fragile & that’s the threshold for a “healthy” broad bull leg If NDFI fails quickly after the recovery from the August NFP bounce & rolls over, it could signal a near-term top even as price makes marginal highs FOMO surges often fade within days unless institutions step in so you’ll see reversal candles soon after NDTH is a filter for real institutional participation NDFI tells you if retail/momentum bursts are broadening out or just noise Based on the latest Commitments of Traders (COT) plus breadth indicators/QQQ heat map The current setup is bullishly biased, but with cracks, so not a blowoff top, but possibly topping behavior if breadth & spec positioning both roll over If speculator net position drops further, that would signal growing risk aversion If commercials significantly increase their short exposure, that often precedes pullbacks Does NDFI or NDTH start meaningfully rising? If yes, that would validate strength; if they continue lagging, warning signs accumulate Price reaction to macro/policy news, since if specs seem more cautious, negative macro (rates, inflation, etc) could provoke sharper selloffs as spec longs unwind