SPY is holding this support area by a thread at $122.80-123.20, ut Tech is a bit too weak to ignore. The Nasdaq ETF (QQQ) already gave back more than 50% of yesterday’s gains. This is not how new longer-term rallies behave. The market was not able to shrug off the Oracle (ORCL) earnings and the collateral damage has been fierce. ORCL is at least holding the $25 area, but is down 13.5% on the…
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