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Misc Stock Market

$QQQ - $338 level key. And as Storm pointed out...$330 on SPY.

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Yeah, this wasn't really what I was looking for on any end.

Was thinking that you'd see worse up to when Europe closes and then I'd maybe try to play mean reversion, but something tells me that doing that will be a very bad idea.

May bleed out to the low 4100's this week...

Feels like it's just get me away from this toxic news cycle we're in as well. XLE is now down over 4% since it gapped up and it's definitely not index related based off what I'm watching. It was down when other sectors tried to recover.
 
SPY is still so much more inflated than the Q’s..they are approaching the weekly 90 where as SPY is sitting on the 60 now...
 
Barring something ridiculous happening again, the Dow is hosed this time. First support area after closing below 34k is 32k, but I wouldn't be surprised if it made a return back to 29.5k (and the S&P returned to 3400 and Nasdaq 10k).

That ridiculous escape on the week of 1/24 delayed the inevitable.
 
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