 Mitch ran through analysis on the QQQ...Here are his findings: The 21-day EMA and the 50-day SMA are 2 key metrics to see if the NASDAQ remain intact. They are backdropped by the orange demand zone further down, which coincides with the 100-day SMA.
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MARKET ENVIRONMENT NOTE: There is a political battle in Congress about another COVID-relief plan. Speaker Pelosi has set tonight at midnight as the deadline for coming to an agreement-in-principle about what's on the table now in order to pass a bill before the election. This is being nervously watched by the media & market observers.
Mitch ran through an complete opportunity analysis for possible trade on the ETF: SMH. Look at the chart for specific comments.  |
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October 2020
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