In yesterday's report we showed how the QQQQ was at a pivotal point of support. It had to either break down or break higher. Whichever way it went, would likely decide the coming trend.
Yesterday it broke firmly higher on strong volume. This offers us a reliable and strong buy signal.
November and most of this month were teaser months. They put the market into a bearish mood and took shares from weak handed players. We don't know if the market can make a strong sustainable move out of this area of consolidation, but so far it looks like the bulls are regaining their leadership.
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