Market had the look of parabolic move, finally a rug pull, not surprising given how frothy many stocks has become. SPY holds 20 MA, QQQ not there yet, ideally another pull to 20 MA ,282-280 area would be good for a relief bounce. Slim pickings as far as watch list, one day of selling doesn’t change the trend. Action coming days will paint a clearer picture.
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Here is the watch list and game plan:
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