Two-day consolidation looks buyable, with QQQ likely to test all-time highs in August

US equity indices likely shouldn't have too much downside following a second consecutive day of consolidation after the early-week breakout. Overall, my thinking is that this two-day dip is buyable, and I'm not immediately expecting much more downside in either $SPX or $QQQ right away beyond Friday, with near-term direction pointing higher into the middle-to-late part of next week and $SPX likely pushing up toward 7...

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