Another broad based orderly selloff to the market, another day of shaving down exposure. Both $SPY & $QQQ have sliced through its rising 20MA, leaving the flattening 50MA as its last line of defence. Increasing more china names in my stalk list with its imperative relative strength and momentum. Thanks for reading. PS: If you enjoy the above curated article, you may follow me on twitter (@jeffsuntrading) to get daily market diary, trading ideas and market updates.
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