Two Steps Forward, One Step Back

Key Takeaways

  • Wednesday’s close leaves prices right near key 1/10/22 intra-day lows and could still act as near-term resistance heading into the next few days 
  • Post Market downside volatility in $FB, $SNAP, $PYPL, $SPOT, $QCOM might temporarily derail rally; However, consolidation isn’t thought to threaten Technology’s bullish trend
  • Bitcoin nearing its first major area of trendline resistance from Nov. 2021 highs 

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