Divergent Market Requires a Pullback
There’s a large divergence today in the DOW and Nasdaq with the the ConnorsSI reading in the DOW above 90; a level which on average can’t be held for too many days and QQQ in the 30’s.
The market as a whole needs a pullback in order to take some of the froth off these overbought conditions and should it pullback here today it will provide us with a good opportunity to begin gaining quality long exposure again.
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