Mike Paulenoff writes that the Q's have violated prior important micro support at 38.97, which should trigger additional weakness into the 38.60/50 support area.
Mike Paulenoff writes that the current bounce off of 1227.50 to 1231.50 in the E-mini S&P does not impress him as the start of a meaningful, sustainable upleg.
Mike Paulenoff writes that the Q's continue to act poorly as they stair-step to the downside towards a confrontation with key near-term support at 39.20.
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