I am very unsure if the top is in, once democrats give free money to 'everyone', my concern is that free money makes it way to gambling in the market.
With that said, it could also be the good news was built in, so the markets will fall as the 'free money' enters, meaning, they catch the downside.
In any event, today the NASDAQ is at a critical level, on a market CLOSING basis. Breaking intra-day doesnt count.
The support line below dates back to Biden getting elected.
Downside of a market pullback is 10-30% before a counter rally ensues. We could very well bounce today and kick this to a future retest.
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