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ProjectSyndicate
Jun 4, 2020 10:39 AM

QQQ 16H chart: get ready for 30% sell off soon(NEW)Β Short

Invesco QQQ Trust, Series 1NASDAQ

Description

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QQQ 16H chart: get ready for 30% selloff soon(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

πŸ”Έ Summary and potential trade setup
::: QQQ 16 hour chart review
::: fake V-shape recovery spells trouble
::: market disconnected from reality
::: civil war in US in progress
::: record unemployment in progress
::: small businesses going bankrupt
::: Only reason we are going UP now
::: retail traders GREED
::: when there's GREED there's also PAIN
::: get ready for 30% decline in QQQ
::: this also spells MAJOR trouble for CRYPTO
::: good luck traders
πŸ”Έ Supply/Demand Zones
::: N/A
::: N/A
πŸ”Έ Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
arihantj38562
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Lol it’s up another 2% today, people who want to wait for 30% correction can wait for another decade
Antonio_trader
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Great analysis!
ProjectSyndicate
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@Antonio_trader, thank you!
VasilyTrader
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Good idea!
ProjectSyndicate
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@VasilyPonomarev, appreciate it
illuminating_trade
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nice chart :)
ProjectSyndicate
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@danta_master, thank you
illuminating_trade
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@ProjectSyndicate, I think there will be a correction today :)
bsimo0001
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IF the FED pullbacks some of its propping up then hell yes!
ProjectSyndicate
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@bsimo0001, ++++++
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