You can see the top and bottoms curves, top curve is peaking and bottom curve is flattening. Risk is low to the upside with daily stop losses following the curve. Conservative 3.5% to the downside in next 15 days. We also see double divergences in top and bottom trends on the Relative Trend Index, RTI could give third peak in next 8 days to confirm.
Below 363 we have an acceleration to the downside of 5-7% additional, for a total downside of 7-10% in next 3-4 weeks.
I have a short position in QQQ currently.
Below 363 we have an acceleration to the downside of 5-7% additional, for a total downside of 7-10% in next 3-4 weeks.
I have a short position in QQQ currently.
Comment:
I have closed my short, the microsoft news overpowered the Nas technicals.