Seems like $120 on QQQ is "fate". Been there twice before from the underside and this harmonic is warning of a visit from the upside. I hope not. This will decimate the dominance of US in technology. What would bring about such change? I can't fathom. Praying this harmonic never plays out.
Interestingly, we were at 120 not too long ago. In 2016! Things were not bad at all then. I guess we will survive. I remember the dot.com bubble bursting and we went from 120 to 20. The next time around in 2018, it was 50 to 25. These are substantial swings. They have happened before.
A close up of the harmonic. Note, I am not predicting time. It could happen 2 months from now or two years from now.
Interestingly, we were at 120 not too long ago. In 2016! Things were not bad at all then. I guess we will survive. I remember the dot.com bubble bursting and we went from 120 to 20. The next time around in 2018, it was 50 to 25. These are substantial swings. They have happened before.
A close up of the harmonic. Note, I am not predicting time. It could happen 2 months from now or two years from now.