on the QQQQ
47.50 is line in sand for holding long. 46.00 is support...right here as SPX 1440 is also, break of either of these and look for more down. Like I said if they hit 1453 and back off, they are telling the market that they want to take the market back up over 1500.... not sure if they want to do that. So with the gap below and the old fundamentals haven't changed blah, blah, blah, correction time till Aug 26 turn date or Sept 27... anyway the follow through volume isn't that exciting.
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