What an afternoon! QQQs -1.5% closing right below the 50d for the first time since November with an over 2.5% reversal intraday. What caused the sell off? One of our readers laid out the points clearly in TMTB chat:
So overall seems like a confluence of events — oil was up 1.5% and BTC +2.6%.
Some exaggerated moves given market action, but we’ll do our best to call out idio moves today. Let’s get to it…
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