i think that when we go out of that box, its goonna a wild ride their is no way again to say where but fondamentals and news would say down and riggued and greed will say up lets see
and we can ask what were the effects of vix breaking out like this on the market for the weeks to come.
I also think its gonna be the mother of all short for NQ but if we look at 4h, we can see the first stop would be at 20$
this is a bear market, support of last 2years became resistence, is going down fast to test the lows first
SQQQ is still following the lower channel la week move made it come back to it if not it would've been the first time in history the candle would be completly off of it. the lower and upper channel matter so now its eather gonna follow it, or break throught my guest is the the volume means the elastic is stretch like never before
its hard to chart this one long term but weekly and log you can manage to see it follows a parallel channel in the middle you have gann fan and it bounces on these now we are on the down channel plus under gann fan next step is following the channel sliding slowly like i often does towards a eventual 7$ lets say fed prints and everybody in florida acting like...
I just notice that on a super long range, TQQQ followed that parallel channe, along the Gann Fan, but went way under last march making it now testing the channel from under like never before.
NASDAQ:SQQQ If we don't break down and the market drops we will go again at 15$ first then 19.50$ to 20$ is very possible, i've been pushing for 20$ for a long time now next step is 22,50$, that's were i thought we were supposed to stay back at beginning of april, that where 200MA is also over that its a very hard resistance, if it goes over that then 31 and 41...
will the prophecy happend? will the mother of all short become reality?
Their is no hockey and NQ is in a "Goaler Hockey Stick" Pattern, very Bearish That's a Canadien analysis Also, the president is making decisions because of elections, not because 4% of the 500 000 cases in USA are dead. 23 000 death in 3 weeks and style he cares about him. Not very Canadien, and not bullish. Hockey Stick pattern.
Is history will repeat itself or not? It's different next time? no its not the world is in a lockdown My guest is we're going down i will be wrong.
I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale at 15min scale you can always count on it to go back to RSI 60 still when you zoom back, you notice...
Long term SQQQ says 100MA daily is possible witch is 41$ short term SQQQ could go 24$ has a rebound from that curve
Daily NQ was rigged by Trump on 2 main strategies 1- faking to be tough on Mexico and claim victory in June 2019 2- faking withdraw from Syria and them claim victory in October 2019 lately he did the same with Iran all this to rally throught elections so we are since June on a overpriced market and when the news pops it doesn't retract even if over 23 trillions...
their is two ways both are going down tommorow except if theirs a weird news i have no position
this is my wild guest on AVID their is a double dip on RSI 20ishh its gonna go back to 78 soon probably following those gann
NQ 15min following Gaan Fan - bad position i think EQ is in a better position but still should go down following that gaan fan
NQ 15min following Gaan Fan - bad position This is what i think NQ is following if it drops a little bit, it will go something like that ES is in a better position right now