ProjectSyndicate

QQQ 16H update: 20% correction from current levels(NEW/UPDATE)

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
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QQQ 16H update: 20% correction from current levels(NEW/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: QQQ 16 hour chart review
::: fake V-shape recovery spells trouble
::: Corona cases >10 mln worlwide
::: Corona cases in US broke out ATH
::: market disconnected from reality
::: we are almost maxed out here
::: 20%+ correction next 4-8 weeks
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: get ready for 20%+ decline in QQQ
::: good luck traders
🔸 Supply/Demand Zones
::: 205/188/176 fresh demand zones
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH

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