While some names are acting well, there is still plenty of mixed action in growth stocks below the surface as we speak which is causing some headwinds for bulls. The issue is not so much the initial headwinds as it is staying objective as to whether we see actual, violent rejection from the 20 day average price area on QQQ, or instead, just some backing and filling without rollover. Keep an eye on Bitcoin today, as another weekend leg lower could set the stage for some fireworks in stocks next week.
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