Follow up? Did the last retrace correspond to a general QQQ sell down though? Let's go have a look.
mikeram1971
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@mikeram1971, my general feeling is, bearish in the near term, based on chart, and Pre-market today, we open lower, trace up the breakdown candle, and ultimately close lower. But the market survives by trick trap and treading over as many well intended folks as possible. This general sell down over the QQQ things could just as easily break a little higher if there is market re-entry en-masse today.
jakef0318
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I was thinking the exact same thing - by August, I think we'll be through the next cycle. Good stuff - locked my put in today.