preparation matters 4-25-19

Before the fact the focus was on overbought in NDX, SMH, XLK. We got to a secondary target in the NQ nd had a sell off where we tested and broke yesterdays lows. It was a 76 point drop to test yesterdays lows from the NQs high. The SMH tested the 8 day and held. The XLF which was strong in the selloff and continued to show strength. I expect more back and forth until AMZN LATER

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s