Hello Everyone,
Quick Notes: Late last week, we were looking for a pullback after upside momentum waned (negative divergence on the intraday) charts that formed a lower high. On Friday, we saw a gap down that achieved the initial downside target levels for both the SPX and QQQ. Thus far this is best viewed as a simple zig zag decline (corrective) into support UNLESS the bears can break below and create and impulse down. All will be discussed in the audio portion so please take time to listen.
Administrative Note: Last week my mother was admitted to the hospital after feeling quite lethargic (she has a form of Parkinson's which has really impacted her physical state). The following day while at the hospital I was told her heart stopped but they were able to revive her and just monitoring the past couple of days. I'm simply pointing out that this remains a fluid situation so just hoping for the best near term.
Please take a moment to look at the trade ideas.
