This video provides technical analysis of the US stock market highlighting some significant developments & key levels to watch going forward as my preferred bounce target has now been hit. Essentially, the highs of today’s rally in the stock market is the point where I favor the current counter-trend trade rally off Monday’s low ending and my near-term bias begins to shift from bullish to bearish from here although cautiously bearish at this point, with additional, or should I say any evidence of a reversal needed going forward as the market closed right off the highs for the day (my QQQ 178 target) after tagging & reversing off that level.
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