Hello Everyone,
Over the past few days the SPX/QQQ drifted down near their respective rising 9 day EMAs forming a bull flag waiting on a catlyst which came today on the PCE report with prices moving back up towards their previous highs. We were favoring a temporary decline (buy the dip) to be followed by another push higher. With today's move the bulls broke above a previous high (shift in structure and are back in control short term). At this stage, simply continue to trail stops upward in accordance with your plan.
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