Two Sentence Traders

PM bounce is live, but QQQ and SMH vs the 50d decide if it holds

By rummy ·

Some names are already bouncing premarket, and ES holding this support should carry into an intraday bounce. Watch QQQ and SMH against their 50d, lose those and a hedge is still on the table. ABI signals rarely clear in one session, so don't be shocked if this bounce gets faded right back into next week.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.