To further add to the crosswinds here, I am getting that we could easily go sideways now for 2-3 days, with one good pop back up to at least 1297, before we fall back down to 1250 or worse. I hope zeev is right and we sell off today but I am just not getting that.It would be so much easier if that would happen.
The QQQ made a $5+ move from the bottom. Wouldn't you expect at least a 50% retrace of that, somewhere around $22.50 or Naz 1225? That would fill the second gap of the rally and get us to Zeev's 1222 number.
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