QQQ destruction continues as every bounce attempt gets faded. QQQ no attempt to try to reclaim 200 MA yet,it sure seems some tech fund is blowing up. Market reaching extreme oversold condition as you can see from $NYMO chart below and a bounce is likely , doesn’t mean it has to bounce, some small cap names had no bounce in months, however, good to pay attention if you are active trader for short term trend reversal trades. Market needs to close green for a change. Another amazing week in bulls chat room with both long and fade sh0rt trades. Hit and run trading continues.
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