“Sell the news”scenario played out after tax reform news. Beaten up technology names tried to bounce via red to green move at open, giving us some decent bounce trades in chat room but bounce was quickly fizzled out.
QQQ failed at both 8 and 20 day MA. Not seeing much rotation into beaten up technology names. SPY, IWM, DOW closing almost at the low of the day, giving bears some advantage. Be nimble out there , volatility is here, hit and run trading mode for now.
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