Hello Everyone,
Quick Notes: Over the past few days, the SPX/QQQ had been chopping around their respective 50 day MA after the recent quick drop. Yesterday, both put in nice reversal candles which preceded today's gap and go day (point of recognition) with all the major indices rallying sharply. As we've seen in previous pullback with the MAs in bullish alignment, the indices tend to get quickly oversold and then move with a quick thrust "V type" rally. The bulls have the ball and let's take things one day at a time.
Although it wasn't always fun, the SPY system dip buys proved to be nice trades.
Please take a moment to look at the trade ideas.
