The Nasdaq Fired a Warning Shot. Read This Before Planning TradeNASDAQ 100 IndexNASDAQ_DLY:NDXMomentum_Trading_StrategyBefore screening or planning trades this week, step back and zoom out. Read the big picture first. Friday was not a normal pullback. The Nasdaq-100 dropped 4.77%, the S&P 500 fell 2.64%, volatility spiked, breadth weakened, and leadership shifted defensively. That is a warning shot that should not be ignored. The Stage 2 uptrend is still intact, but this is no longer a maximum-aggression environment. When the market changes character, your process has to adjust with it. The goal is not to predict whether Friday was a one-day outlier or the start of a deeper correction. The goal is to manage risk, protect capital, and let the market confirm the next move. Stock selection and industry group strength matters, but the general market is still the tide that lifts or lowers most boats. This week’s Big Picture Market Pulse breaks down the major indexes, volatility, breadth, distribution, relative strength, sector rotation, the Composite Model, and updated exposure levels. https://tradingmomentum.substack.com/p/the-nasdaq-just-fired-a-warning-shot