Stock Markets Analysis and Opinion
Indices Bounce at Major Support
2022.12.24 11:34
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As much fun as waterfall plunges are, it makes sense that the market bounced strongly off its lows on Thursday. The Invesco QQQ Trust (NASDAQ:) hit multi-year support based on its trendline.
And the futures pushed a little below their major Fibonacci retracement level, only to bounce higher. This is unsurprising.
I took SOME profits here and there, but only a few nibbles. I am, on the whole, still fully committed.
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