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Get ahead for Wednesday September 15, 2021

trading watchlist Sep 14, 2021

Another day of high volume selling in the QQQ and SPY after gapping up, which is the play book for a market in correction. The SPY looks to have a date with the 50ma and the Q's are clinging on to the 20ma. Some names remain resilient to the weakness in the indices and those are the ones we want to take advantage of as long as they continue to show relative strength. Just be aware that if we do get a bigger pull even the strongest names are susceptible. 

 

Agnieszka Wood

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Trading Mindset Coach and a trader with a decade of market experience. I help traders to become successful, so they don’t have to work a 9-5 job.

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