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$SPY Market is kind of in a funny spot. DOW is up a little bit, NASDAQ was off a little bit, kind of a mixed market. Not a lot of confidence either way. I don't think you are gonna get a big runner, obviously its always hindsight. There's a lot of whipsaws that go on, what I mean is that one second you are chasing a breakout and next second you are getting stopped out. Lot of that happens in this choppy kind of market. I'm still hoping for a little bit lower when it comes to the market. Would love to see it come into the 430 area or lower. Not sure if it's gonna do it or not. We'll have to see
$QQQ Looks very similar to $SPY. Below the 50D SMA. You guys are getting the idea of the trend right. Last time when it broke the 50D SMA on the daily chart, you see it held the 6-mo SMA (126D SMA) and then ended up reclaiming it, making new highs month later. During the time when we are having a chop or this kind of weak market you just gotta play it safe. You always have to be adapting in this kind of market
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