May 13 • General discussion
Market Action
Market Action
Pulled off the highs today with wider ranges across the board, though most names still closed well as stocks continue working off some of their extension. Overall normal action as long as we don’t see aggressive follow-through selling. For the stronger trending names, the 10 EMA remains the key moving average to watch.
.QQQ
Working off the extension. Ideal scenario would be a sideways flag/consolidation from here. Wider range session today.
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