goodguy
Short

QQQ: Another one that looks like it may have a major reversal.

NASDAQ:QQQ   POWERSHARES QQQ TRUST
93 7 3
To me it seems likely that QQQ             is forming a long term so called "double top". Wave C is 2.62 X A. I will short when there is a bearish daily candlestick formation with shorter term current up trend line break. You may want to watch closely. Have a great weekend.
IsaacKern12
4 months ago
you think it will fall below brexit lows?


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goodguy PRO IsaacKern12
4 months ago
IFFF this analysis is correct. absolutely but I was wrong once....................actually several times. But if correct then long term we would be starting a long term bear market. Which statistically is crazy to call after so many years of going up. So you need to trade based on your ususal signals. (trend lines, candles, indicators, etc.). This just helps me to anticipate to be ready to trade when the signals occur. Plus it all depends on your time frame. Take care.
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IsaacKern12 goodguy
4 months ago
thanks! whats your time frame?
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goodguy PRO IsaacKern12
4 months ago
When I am trading I mainly use 2 hour charts and try to capture moves in the 1-4 week time frame often using leveraged ETFs. When investing I use daily and weekly charts looking at the 2-6 month time frame using non-leveraged ETFs or stocks.
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snoopy11223 PRO
4 months ago
Thanks for pointing this out, excellent chart I bet your right!
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goodguy PRO snoopy11223
4 months ago
Snoopy thanks for the feedback. Have a great weekend.
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goodguy PRO
4 months ago
snapshot


Waiting to see if bearish follow through on Monday.
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