Distribution begins, yet Technology strength helps QQQ to hold up

Arguably, the trend for both SPX and QQQ remains bullish, while some short-term trend damage did happen with RSP and IWM, which makes these more technically negative for the days ahead.   Tuesday represented a distribution day for the broader US Stock market as NYSE market breadth was negative by more than 3/1 bearish. Interest rates continued their climb, despite a better-than-expected core CPI number, and I suspect tha...

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