

The Nasdaq did a 100% retracement of yesterday's loss on slightly higher volume which indicates accumulation. All of the major tech sectors were positive today. We are still in a stage three consolidation and it is difficult to predict when and how we will break this triangle. The best way to play it is one day at a time until the pattern develops itself and/or we can get a better read on the indicators and oscillators. I am focusing on pivot points as key reversal areas in order to stay positive in this diffcult trading environment.
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