HiLo Morning Brief · Oct 20 — QQQ & SPY Short-Term Recovery (4/4)
In U.S. equities, both QQQ and SPY pulled back after moving higher. The current action looks more like a short-term recovery following last week's sharp selloff, and prices may continue to consolidate above 700. Please refer to yesterday's chart analysis.
For now, watch support and the strength of the recovery before calling direction.
#HiLoMorningBrief #QQQ #TradFi #Stocks
In U.S. equities, both QQQ and SPY pulled back after moving higher. The current action looks more like a short-term recovery following last week's sharp selloff, and prices may continue to consolidate above 700. Please refer to yesterday's chart analysis.
For now, watch support and the strength of the recovery before calling direction.
#HiLoMorningBrief #QQQ #TradFi #Stocks