To gain an edge, this is what you need to know now.
McConnell Off Ramp
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- In the Morning Capsule, we shared with you that there was heavy selling on the fear of a strong jobs report. We also shared with you that the momo crowd was aggressively buying the dip.
- The chart shows that for the time being, the momo crowd has won the battle with help from Senator McConnell.
- It was expected but the chart shows when Senator McConnell publicly offered an off ramp from the debt ceiling crisis.