Commentary

5/20/21 The Homestretch

SPY isn’t too far from doing something positive like poking above 417,49. The air cushioned support at 404 should probably be given a little respect.

QQQ has looked good, already making an eight day high with a reasonable looking double bottom at 316. The 18 day SMA is a downward sloping trendline, which might be a challenge to decisively break to the upside. However, it appears to be a decent bet that it will.

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