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