SPY broke short term support Monday and flushed through to 270 as we expected it would.
Small bounce day Tuesday and SPY closed right on 50 MA. Picture is not clear yet as it is below short term moving averages. Monday’s low needs to hold for now. We finally had some bounce in watch list names like HUYA, IQ, APPN, CBLK. Decent trades via day trading those. I’ll be mostly watching them again to see if they can continue. It can also be dead cat bounce. Keeping open mind for all possibilities here. There is also a possibility for some “End of the quarter window dressings” buying, so keeping an eye on tech leader names like NFLX, NVDA, BZUN ,NTNX,AMZN , TSLA.
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