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:


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.


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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