Sad day to be a bear! The QQQ has posted a two day rise, not a decline, despite yesterday's equity beating. I just don't understand how vol can be this high and the bears are doing practically nothing to the long term uptrend. That's why I'm pretty sure a melt up is coming.
GDP tomarrow morning 8:30 EST. Yes I know fun-der-mentals mean nothing, but it is always good bot bait.
This is first look at 4th quarter, estimated at 3.2 by economists. 3rd quarter was at 5.
The bottom green line of the triangle held and we've just kissed 20MA...the horizontal yellow line is around 202.50ish...small retrace and up to the yellow line by EOD?
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Target hit. Going to hold small lotto ticket overnight. I know all the homies and the options market want 120-121, but I don't trust this market and I don't trust AMZN GOOG and their flying underwater outer space hovercrafts that deliver pampers via worm holes.