QQQ - New Wave - Likely to break Upwards soon
It's still looking like we drop to the 200 SMA, then bounce and go up. 70%
This looks like Wave 2 of a 5 part EWave at the moment.
20% chance we drop back into descending channel
10% chance we drop further
Serious risks still out there:
1. Stimulus - UP UP AND AWAY - Upside risk
2. Foreclosures - Forebearance and Eviction moratoriums end in January unless things change.
3. Recounts change initial results, voter fraud
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
This looks like Wave 2 of a 5 part EWave at the moment.
20% chance we drop back into descending channel
10% chance we drop further
Serious risks still out there:
1. Stimulus - UP UP AND AWAY - Upside risk
2. Foreclosures - Forebearance and Eviction moratoriums end in January unless things change.
3. Recounts change initial results, voter fraud
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Comment:
Revising. Similar, but...based on today's actual movement, the E wave up is adjusted and we're in a complex correction.
