In this post, I will attempt to provide evidence to show why the tech-led selloff is likely to be over (for now). I will use the Nasdaq 100 (QQQ) and its inverse derivative, SQQQ, as my argument's basis.
The inverse (short) ETF of the Nasdaq, SQQQ, has never closed a weekly candle above the Leading Span B of the Ichimoku Cloud (pink line in chart). Last week...
BUY SIGNAL
1) When two cfb show buy signal.
2) When the price breaks out upper accelerator band .
3) The break out should be have buy volume.
the system have buy and sell alarm.