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Intraday reversals was the name of the game last week, with strength turning into weakness and weakness turning into strength with little to no warning. The SPY continues to outperform the QQQ, but we still see more long side value in blue chip tech overall. It’s been some time since so many tech names could be bought so far off their all time highs. Barring some really nice looking charts, most swing traders will be waiting through the lunch how to put on new positions to see if Monday continues our recent “headfake and reverse” price action.