EuroMotif

QQQ Dancing on a High Wire $422.93: Golden Genesis fib and top?=

EuroMotif Mod Updated   
BATS:QQQ   Invesco QQQ Trust, Series 1
QQQ is dancing on a high wire, a Golden Genesis fib at $422.93
Failure here could indicate top is in, so this is a key level here.
Just below is a fib confluence at $418, last stop before SERIOUS dip.

It is PROBABLE that we orbit this fib for a while.
It is POSSIBLE to bounce here and keep going up.
It is PLAUSIBLE a bull trap / distribution is done.

Here is a snapshot of the Genesis Sequence for the Q's:

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Comment:
Un Oh
Just fell thru after a couple of "Pings" from the top side.
"Ping"=Exact ricochet from a fib that you can almost HEAR.

Now that we are below, I will be looking for a Ping from the underside next.

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Comment:
Back to the "Scene of the Crime" and then some
Trip below Golden fib picked up speed
Middle East conflict hurt tech stocks and other high flyers.

.

Zoom in (m5)
We see plenty of Pings on all of our fibs,
so now they are all alerted and energized.

Good news for Bulls:
- Dip so far looks corrective and not impulsive

Bad news for Bulls:
- Dip probably not over, so be wary of bounces for now.

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