Markets finally gave some gains today and closed in red. Markets are quite overbought and need a healthy pullback for weak hands to drop and strong hands to come in to take prices higher. SPY put a hang man while QQQQ are showing toppy action on daily chart. Sectorwise financials and reits led while energy sector suffered. Internals are diverging and undercurrents are not that strong in markets. Stops need to be tightened on existing position.
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