Last week action was a bear tone in oversold territory.
This week the market will have a dead cat bounce from oversold territory.
CLF dropped below 50 market, but quickly bounced back up above 50 last week.
CLF had two resistance levels, 55 and 60 area.
I will expect QQQQ to hit 47 again for retracement.
The spot gold and gold stocks had dropped back to the support level last week.
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i picked some qqqq up at 44.75 for about a 3 day hold
ReplyDeletewingsids