I tried the chart be as obvious as possible. pay attention and have this picture in your mind
QQQ ahead of itself.. outside the upside trendline & Bollinger band stretched. Divergence on RSI weekly. Need to revert to the mean/average. Correct -10% in the next 3-4 weeks.
💰 LET'S GET INTO SOME QQQ ETF ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) Neutral 🤷♂️ - 3day Chart - Green Engulfing Candle - 3/3 EMA DOTS Green We are aware on the 3day on big players like the DOW and SPX500 we are starting to see potential shift for selloff as they start to compress...
I am usually long-only and either hedging or exiting the market during times of volatility and using a rules-based semi-passive strategy, so taking an outright short position is unusual for me. Posting it publicly to see how it'll pan out. Main thesis is that: 1) The bull case for the QQQ over the past decade is largely based on momentum rather than growth. Most...
Looks like the bulls have about 2-3 weeks left. Really just depends on the squeeze that is probably coming. Their will probably be record numbers of degenerates shorting 9600-9700 NDX which will ofcourse lead to a squeeze that sends the NDX100 up to like 10k B4 finally dumping back to 8400 or the 200 D1 ema
Elliotte is getting completed (last wave). then based on momentum will go at least to fib support which is HMA143 support as well.
Monthly Chart : The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS : Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192. Note the Weekly Chat : When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore,...