Good Morning,
The bears showed up yesterday right at resistance as expected at $390 and change. We have Support at 380 and then $378 if we break down through $378 go short because it looks like we will be headed back to the 20 day moving average at $372 and then $358
The QQQ’s also hit resistance where we expected at $282 next resistance will be at $284 and $293 if we break through $272 go short because we expect to retest the lows with our price target of $252.
Cheers,
G. Allan Collins
