RealMacro

QQQ Who Remembers "I Am Not Convinced" 3rd Update

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Back on Dec 7, 2021 I posted this chart. I was not convinced that QQQ had any legs to push higher.
Despite the extremely bullish sentiment at the time with all the cute little sound bites and memes
of Santa Clause rallies blah blah. While the markets have not dropped, they have not popped either
so it is way too early for me to claim glorious victory, but we are getting closer to that declaration.
Nothing has changed in terms of structure. I am still not convinced we are going higher.


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