Market Analysis and Trades for 5/19
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The weekly post and video for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead
Friday was all about 5925-5927 on ES as it held during Asia, Europe, and the NY cash session. Thursday’s high was taken out during both Europe and cash, and the long ultimately resolved for 50 handles.
Bulls have been in full control, so longs have been the play. We will have to see if this changes (or not) following the Moody’s downgrade.
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