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If we’ve seen the short term lows of the markets, we’ll look at yesterday at the pivot day. The SPY and the QQQ both had inside days yesterday, which is when the entire day’s price action stays within the candle of the previous session. In this case, yesterday we didn’t break Wednesday’s range in either direction. Pre Market trading shows us possibly at or above Wednesday’s highs, which would set an optimistic tone heading into the weekend. Unless, of course, the markets pull a mid day reversal, which would certainly fit into the theme of this week. Tech seems to be where the best value will be if this is the short term bottom, but we’ll stay vigilant and watch our charts for any possible moves into the weekend.