THIS IS A DANGER SIGN ...
Among all the indices, qqq seems to be the weakest and it's only one that has broken the daily swing bottom.
Spx had just touched the bottom level of previous swing bottom.
Oct 1 - qqq may retrace back up to that 360 level and if it doesnt close above 361 then it's very bearish from here.
refer to my previous post on $Vix
Among all the indices, qqq seems to be the weakest and it's only one that has broken the daily swing bottom.
Spx had just touched the bottom level of previous swing bottom.
Oct 1 - qqq may retrace back up to that 360 level and if it doesnt close above 361 then it's very bearish from here.
refer to my previous post on $Vix
Comment:
as predicted qqq rallied up towards 360 level and came back down with big volume .. check the hourly chart
