Good Post-Thanksgiving Action – Leaders Setting Up

Market Action

QQQ – good follow through up after Wednesday’s test of the 21ema

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us continue to push higher
Bears want to see us break lower and undercut the moving average

IWM – tight action, consolidating through time

Bulls would want to us constructively flag out sideways and then reconfirm higher
Bears want to see us break lower from this range

IBIT- tried to follow through higher but fade and poor close, watching for this flag build out more

Trends (4/4 Up)

Shortest – 10 Day EMA –  Up  Above Rising
Short-term – 21 ema – Up  Above Rising
Intermediate term – 50 sma -Up  Above Rising
Longterm – 200 sma – Up – Above Rising

Final Weekend of the TraderLion Black Friday Sale – Save up to 40% on Masterclasses

Learn new setups, edges, rules, and systems from proven US Investing Champions, Market Legends, and Money Managers