QQQ - Daily View - Can DJIA, SPY, and QQQ all be ready to fail?
Posted in conjunction with my other chart "QQQ - Outter Space -Can DJIA, SPY, and QQQ all be ready to fail?"
Daily view shows pattern is at short term failure.
Longer term pattern failure, of ascending wedge, looks to come around May 2020.
Need to watch this after next correction to see if pattern failure occurs.
I feel we will rebound into next year with a major correction (or recession) before year end 2020.
There should be an entry for short position, writing calls, or buying puts at end of this month.
End of November is when I am seeing multiple different charts, different patterns, all failing patterns same date. Coincidence...don't think so.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Daily view shows pattern is at short term failure.
Longer term pattern failure, of ascending wedge, looks to come around May 2020.
Need to watch this after next correction to see if pattern failure occurs.
I feel we will rebound into next year with a major correction (or recession) before year end 2020.
There should be an entry for short position, writing calls, or buying puts at end of this month.
End of November is when I am seeing multiple different charts, different patterns, all failing patterns same date. Coincidence...don't think so.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.