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Hedge_Of_The_World

QQQ Simply Has to be Showing a Double Top

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Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
Hedge_Of_The_World  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Technical Indicators QQQ SPDR S&P 500 ETF (SPY) IWM SPX (S&P 500 Index) S&P 500 (SPX500) VIX CBOE Volatility Index UVXY DXY US10Y
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trendanalysis chartpattern indicator qqq spy iwm spx spx500 vix uvxy dxy us10y
We've just seen another rocket parade over the past 2 weeks, like the one we saw back in November. But, as we kick-off Q1 earnings season, are we finally seeing the end of the insane post Covid crash rally? If we break out higher, the S&P could potentially breach the upper band of the ascending channel, leading to yet another round of short squeezes, and new ATH's. According to Nomura, we're in the 92.8th percentile for long delta, which is extreme to say the least. Everyone is on one side of the boat, so what happens next?

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