649bruno

THREE CYBER "M" & FIBS WARNING OF MARKET SELL, PART 3: PSQ

Short
AMEX:PSQ   ProShares Short QQQ
3
This is part 3 of three views. The PSQ are the short shares you buy if you think the QQQ is going to decline.
IF YOU READ PARTS ONE AND TWO YOU WILL BE FAMILIAR WITH THE FOLLOWING ANALYSIS.
I BELIEVE THE STOCK MARKET IS SETTING UP FOR A SEVERE DECLINE.
I wanted to look at the S&P 500 , DOW-30, and QQQ to study Fibonacci time cycles and also to see if there were any bullish signals.
I found versions of bullish butterfly cyber patterns on all three, only, if PSQ is bullish , the market would be in a sell-off.
At Fib Start there was an impulse leg low. At Fib 1 there was a phase energy reversal and nearly an impulse leg end.
Fib time cycle 2 was an impulse leg top and a major "C" to "D" reversal.
Fibonacci time cycle 3 is the cyber completion of a bullish formation, and look at the phase energy bars (top).
The phase energy has been building to a positive zero-line cross over (long red arrow). IN FACT, IT HAS CROSSED.
This would most likely mean a CONTINUED market decline, AN EXTENSION OF THE TECH-WRECK.
I find it fascinating that the S&P 500 , DOW-30, and QQQ are almost in lock step, both in price and time. To be long the market is very risky.
As I said last week, it's like buying hamburger at $95 per pound.
I will close with a quote from Sophie Tucker:
"From birth to age 18, a girl needs good parents, from 18 to 35 she needs good looks, from 35 to 55 she needs a good personality, and from 55 on she needs cash."
The market is over-valued. Be careful. I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.

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