Commentary

5/11/21 The Homestretch

Today looks like a 20 day low. The 417 level failed to hold, so now 410 is short term support. Looks tenuous.

Friday gave a clue about near term direction. QQQ touched the 18 day SMA from below before pulling back. Today, it has crawled back up to the 54 day SMA, investors would like to see prices move north of there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s