Divergence continues
SPY closed up 0.73% yesterday.
It remembered Monday, so had to be up, especially on Corona vaccine positive spin.
Yesterday SPY kissed the back side of the broken support line.
Tech heavy QQQ ramped up 1.78% as vicious rotation continues.
ES futes are negative -12.25% as of now.
Banks keep trading very sluggishly.
More weakness in this group will pressure the markets down.
Mom squeeze continues to forecasts down/mixed markets.
First support is at 319.
It remembered Monday, so had to be up, especially on Corona vaccine positive spin.
Yesterday SPY kissed the back side of the broken support line.
Tech heavy QQQ ramped up 1.78% as vicious rotation continues.
ES futes are negative -12.25% as of now.
Banks keep trading very sluggishly.
More weakness in this group will pressure the markets down.
Mom squeeze continues to forecasts down/mixed markets.
First support is at 319.
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