This week’s Barron cover story suggests that Nasdaq ‘s drop is temporary and the market reacted nicely this morning. This looks like for the Nasdaq the beginning of another up wave after a six day correction. Friday’s action looks like a hammer formation of candlestick chart pattern. So today is day one or two of this wave. FAANG and technology are the strongest sectors followed by financials. The trend is up. It could last ’til 4th of July.