SPX, QQQ Breakdown brings test of March lows into play

Unfortunately, Friday’s breakdown can’t be considered anything but negative, and this damage needs to be recouped right away on Monday to prevent a retest of March lows. Technology, in particular, has pulled back to a “Make-or-Break” level when eyeing QQQ along with SOX, and failure to hold recent lows next week will postpone the idea of a rally until mid-April. An imminent reversal next Monday, the final trading day ...

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