$SPX, $QQQ & $IWM - Bounce from the lower Bollinger Band
$.SPX(.SPX)$ - Bounce from the lower Bollinger Band, and bullish crossover in Stochastic.
This move was mentioned last Friday as a possibility, also yesterday for $Invesco QQQ(QQQ)$ and the level to watch now is the 20DMA, which could set resistance given the weakness in breadth.
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2. $Invesco QQQ(QQQ)$ - As anticipated yesterday, the position of the candle and the shape of the Bollinger band suggested a bounce.
The 20DMA set resistance today while the oscillators indicate the bullish move has just started.
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3. $iShares Russell 2000 ETF(IWM)$ - Solid Breakout, 50DMA was the bouncer and the oscillator is turning bullish suggesting a bottom is in.
Small caps and many stocks like $Tesla Motors(TSLA)$ are soaring after hours, is it because of the Presidential Elections?
The candle shows conviction and is validated by volume. Will there be a gap up tomorrow?🧐.
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