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HansMast
Dec 24, 2018 7:28 AM

$119.69 is my QQQ target Short

Invesco QQQ Trust, Series 1NASDAQ

Description

I expect a DCB (dead-cat bounce) on QQQ soon, but not sure when. Watch RSI 22.

$119.69 is my eventual target, the start of the Trump pump.

Notice very strong RSI/price bearish divergence.

I'm more heavily short QQQ because of inflated P/Es and greater runup before this crash. However, I think QQQs fundamentally have better long-term earnings prospects because they will cannibalize earnings of non-tech sector in various ways, off-setting any recession, so be careful.
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