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Scandex Market Update – May 22

Scandinavian Capital Markets

Nasdaq futures and QQQ (weekly QQQ is below) covered their closes from 2/21 on Wednesday and closed beneath those levels today. Mistrust of strength has been misguided but the gap fill and down day today at least presents a bearish risk point (Wednesday’s high). Also, Wednesday’s high is on the upper parallel from the fork that originates at the 2002 low.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/05/22/market-update-may-22/
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