QQQ turned the corner yesterday and, like the S&P, held a level it had to earlier in the week, which felt constructive; reclaiming 715 relieved pressure, but QQQ is down 11 after a capex cut and others call the pattern a bear flag, so the speaker reads it as only mildly constructive.

the spies held where they had to earlier in the week, so did the Qs and it felt like some things were perking up.

maybe even the Qs. The Qs kind of turned the corner yesterday also. Um you would have thought uh maybe looking better, you know, and then all of a sudden, again, um capex cut, which is something different.

So, the Qs are down 11. You know, if you remember uh I when when the Qs reclaimed the 715 area, that that helped relieve some pressure. So, right now that's 714. This right here is what? This is uh 710.

Some guys like Red Dog, this all this was was a bear flag. All it was was, you know, you you had a topping tail on the Qs. It came in, worked off the oversold condition, and um and and looks, you know, looked and ready for lower prices.

I was like, "Well, to me it looked a little constructive."