The QQQs May Not Be Ready to Give Up Yet for NASDAQ:QQQ by dereckcoatney

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Prior to Friday's action, the QQQs looked to be forming a very nice double top . However, with Friday's rally, we may instead be looking at some bullish consolidation within a rising broadening pattern. I would like to see classical topping patterns develop on QQQ and SPY , so I will have to be patient.

I do not expect any serious upside to last long, if we do go up. I remain extremely bearish on the markets and will not be surprised if the markets completely fall apart on a moment's notice.

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All the way to 300+ Yes, it's a blow-off. But a glorious one before all collapses late Aug or early Sep.

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It's not surprising, given that the big Wall Street banks are now giant hedge funds with $trillions of fresh money on deposit thanks to the central bank/treasury. There is no fear as any big losses will be "socialized.".

What a sad state of affairs.

Everything should be burnt down in order to start over. And I do mean everything.

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Dougbneal

@Dougbneal, time for MMT?

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ProfitHarvest

@ProfitHarvest, MMT is here and now already. It's unsound money and finance on mega-steroids. It's the end of civilization as we know it and it's all downhill from here in the years ahead. Maybe move to a place where food is grown locally. Sorry for the somber message.

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