Traders,

Bearish flows or support? That’s the question heading into this week but I think we need to wait out a lot of this because the flows are thin thanks to Uncle Donald & Co, making most of this just hand-sitting.

YTD the $SPY ( ▼ 0.57% ) is -2.8% and I do think it gets worse overall which, if you’re a subscriber, is what I have been saying the last month or so on these highs.

And I am still bearish a lot of this but there are a few things to track this week that I want to cover regarding the price action to support that view.

Specifically, I want to talk through a mini lesson with readers about the $QQQ ( ▼ 0.59% ) and trading WIDE ranges and by trading, I mean traaaddding them, not prediciting them like the Podcasters and CNBC folks love to do.

Plus a few quick notes on a tech name that is worth watching this week.

If you are not familiar with price action, the way we do it, then the SAT Lectures here are the place to start.