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Rookie398476049358670

QQQ breaking down

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
Rookie398476049358670 Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart Patterns
2
0
chartpattern
Market is starting to roll over. I'm expecting some major correction as we saw in February.
Comment:
snapshot

Perfect breakdown - backtest - dive pattern.
Comment:
Don't be fooled by the fact that QQQ is up :p

snapshot
Comment:
Too early to call a break down yesterday. Instead, this should be what a short should be looking for:

snapshot
Comment:
Very bad call this one. Trend was bullish back then and is still bullish. But things can change quickly in light of the coming FOMC. I think the FED could be surprisingly Hawkish by announcing accelerated rate hike (50bps or more frequent rate hikes), which would signal that the FED wants an early end to the current rate hike cycle before things get out of control.
Comment:
Chart update:

snapshot

Trend line broke and we are backtesting it even though we are making new highs.
Bearish divergent continues to build up energy.
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