Quick decline has neared support in SPX, QQQ, and RSP

Near-term Equity trends suffered some minor trend deterioration in both SPX and QQQ, which needs to be recouped right away to help repair recent uptrends that were violated on Tuesday’s severe downdraft. Importantly, Equal-weighted SPX maintains its bullish uptrend and has not shown any technical damage, while both SPX and QQQ look to be at key near-term areas of Fibonacci-based support.  Given that multiple sec...

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