QQQ rally should be over soon

the ROC shows fading momentum Macd showing weakness. near resistance lines . i dont think this name will go above 237 since most of the names that makes up this index are severely overbought . i will be looking to short this name ONCE it falls below that GREEN trendline about ~225 could be higher if this rally gets extended for more days. if it continues to go up short this at 234. stop loss above 237 . Good luck


I am on the fence if the stocks are over-bought. They all have very strong balance sheets and cash flows. I'm seeing NVDA with a Quick Ratio of 9.7 and that seems fairly common with the Techs. They're all in good shape compared to laggards in the Dow.
Todopoderoso luminaryfi
The rate they increase is not sustainable. Most of the tech stocks have a bearish divergence yet making new highs . These bubble should pop soon.
Is there any particular reason you used Moving Averages on the 50 and 200 and a Exponential on the 40? I ran it with EMA10, EMA20 AND EMA50 and they are all in bullish order. Price Close > EMA10 > EMA 20 > EMA 50 that's a strong Bullish indicator. Also, fundamentals are strong with the Tech Heavy Weights in the Nasdaq.
vmonaco240 luminaryfi
@luminaryfi, Also, the 50dma just crossed above the 200dma on the daily chart.
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