Very nice pop in $QQQ after Thursday's carnage; up +3.52%. For now, however, $QQQ has been rejected at the 200-day SMA. I mention this an an illustrative example of the following: The danger of rejections across the board into key moving averages is still present. We need to see some technical confirmation that we are through the woods regarding the sell off in tech & growth.
Dorte JelstrupShare
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