They’ve held for now…
You can buy the Spu’s or the SSO with a stop at today’s low looking for upside follow through into month end.
The most important aspect of buying these dips in here is you know exactly where you are wrong.
The banking index is trying to bottom as well.
QQQ…this has the best potential on the upside. 75.75 is minor resistance. As long as 75.30 holds look for a test of 76.20.
FB…Facebook has held support on an interim pattern.
42.05 is resistance and the upside pivot. Closing 2 days over this level can lead to another 20%.
TLT…106.16 is weekly resistance. As long as today’s low of 104.79 holds, this has the chance to rally. 106.99 is daily resistance and the 50 mvg avg.
IYT…looks to trade back toward 114.10
This has been another opening range trade. It will continue to be a Time Frame Trade the rest of the day.
Buy breaks if you get one.
