Nasty trend down day after inflation numbers came out hot. QQQ fade off 20 MA resistance. Funny how chart and news always coincide. QQQ 290 break should trigger more stops. Tricky going into tomorrow after over 5% down day. Market could gap down hard and dead cat bounce, Bounced at open and fade later or chop fest in range. Rough out there, if you are not sure what to do,better to sit out.
Back to active trading only on our go-to intraday setups, red to green, green to red. open range breaks. intraday base breaks, panic sell-off and reversal etc.
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