Gap up and rally day after good earnings news. Market even higher after hours due to more good earning news from AMZN, INTC.MSFT.
SPY 50 MA, 268.50 resistance coming up and then 270 is the big one. At some point tomorrow , I am expecting some fade the good news rally and some profit taking .
QQQ same thing. 50 MA resistance coming up and would not be surprised to see some fade around resistance. So i’ll be watching for some index shorting. Watch list names might all gap up along with market, so do not chase , wait for some type of intra day setups.
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