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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (690)	7/22/2022 5:44:16 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 1309

Despite the pullback today, it was still a risk on day. Why? Because: (1) BPSPX and BPNDX both went up today (3.5% and 2.5% respectively). This indicates short term strength under the surface. (2) On a day that SPX dropped 1% and NDX dropped 2%, VIX rose only 1/3% and VXN actually dropped 0.4%. I am not keeping any shorts over the weekend and I don't have any credible sell signals. This was just a normal pullback before the weekend after a hot week.