Hello Everyone,

The Yo-Yo market of late continued today with the major indices selling off sharply taking back most of the gains from the previous two trading sessions.  The past two bounces have only managed to produce lower highs and both the SPX/QQQ have struggled to reclaim their declining 20 day MAs which keeps us technically guarded.  With that said, it's been a great trading market with some large range days.  The 10 Year Yield made a new recent high again today which is also weighing on many equities.  Tomorrow is a new day so let's see if the bulls can make a stand but for now remain cautious/prudent and adhere to your plan. 

Reminder:  Stock market is closed on Thursday

ES Levels Posted in Trading Community 

Here's a link to Tonight's Newsletter.

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