Narrow leadership catching up with the market as finally everything starting to get hit. QQQ closed below 8 EMA support. Even after a pull to 328 and 325, it would be technically fine. Different story for individual stocks. Slim picking as far as daily setup.Way too many messy charts and no buyers anywhere. We are mostly short biased on intraday setups like ORB, fading the pop to resistance etc. Tough out, if you are not sure what to do, better to sit out.
Get access to our accelerated day or swing trading course with over 20 hours of content, access to our trading chatroom, live market commentary, and much more. Learn what it takes to succeed in the best profession in the world.
Here is the watch list and game plan: