TradingView
Consistent_Trades
Mar 24, 2023 7:08 AM

QQQ daily - M for? Short

Invesco QQQ Trust, Series 1NASDAQ

Description

QQQ daily is forming a powerful formation. A double-top reversal pattern will destroy any survival bull in the market.

Will not write to much, I will just repeat what my mentor said in 2007 while a lot of people made fun of him.

Folks this is forming M for murder, double top reversal pattern. Just be aware of how powerful and strong a drop will almost certainly occur after the pattern is triggered.



FOMO talks like FED will pivot is dead. Soft landing bullshit is dead. Yields are dropping for the wrong reason, not good ones, same as the dollar.


Comments
FCNurnberg
I beleive they wait until after this quarter. Window dressing for fund managers......
hitchcoxg
Well thought. I trust you are correct!
jfkenne
Good idea! I've been waiting for it to top and geting bearish on QQQ & SPY too. Got in too soon a few days and got back out.
More