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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (85480)	4/2/2024 12:25:09 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 skier31 Respond to of 98058

Somewhere around 17850 (give or take) there should be a good bounce in NQ. This is the most solid support that I have for it. Along the way there may be a lot of twists and turns. If we can't hold 17750 (and I am not talking about some intraday little slip), then the next support is about 1000 points below it, essentially giving back most/all of the year to date gains. I don't see that happening. I think this is still a bull market, but the rotation is changing out of tech and into materials and regular stocks. PS I'm talking about NQ, not NDX. PPS SPX has been outperforming NDX - this is the kind of rotation I am talking about.