Commentary

3/19/21 Current Signals xCC/c0

SPY made a new high on Wednesday. With no follow through that can turn into a rising wedge. The good news with a rising wedge is that it usually doesn’t turn into a long term top. SPY is ex-dividend today

QQQ is at it’s own significant defensive line near 311. Neither of these resistance areas are real convincing.

Not a good day yesterday for the 3x Bulls.

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