NQ going Oversold: Bounce soon?

Based on previous price moves, these selling waves last from 3-5 days sessions. Yield inversion has tanked techs, selloff could intensify.
(overlay from 2-5 Mar)
BUT; If this holds, expect a smallish bounce 19 Mar, more selling on 22 and pivot to long entry on 23/24, as it did last year on those dates.

NOT investing advice; trade at your own risk! GLTA!!

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Fills in the overlay... would not long this yet... all risk

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Strong resistance overhead at 3925 SPx (former support at 3940 turns resistant) and 13250 Composite. Has tested 3x intraday Friday. Watch for the action in Power Hour...

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Looks weak EOD, power hour aint got none... gonna take a bear spread on QQQ see if it gaps down Monday, GLTA!

PS Usual strat of buy expiring calls in last hour on Fridays looks like a losing prop today IMO, not gonna try it.

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Opoen Bear Spread long 5 Apr 09 312.5P short 5 Mar 26 302.5P net debit 3k; will find out if this was a good idea Monday mornin, lol. Good wknd peeps!

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Added 3 more spreads on the weak EOD lift, usually a good place to short...

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FYI worth a read, best text on charting and trend analysis ever, read Murphy free pdf, see fig 4-10a to get an idea what might happen soon:
cdn.preterhuman.net/...inancial Markets.pdf

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Better bounce, lol, closed out the bear spreads in open. Watch, wait.

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Would not chase this IMO rally is not broad-based, small caps declining today while this runs up; a bear retracement.

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WARNING: FALLING WEDGE IN NQ INTRADAY; DO NOT SHORT AGAIN! CLOSE SHORTS AND GO CASH OVERNIGHT, LOOK FOR EOD SHORT-COVERING RALLY IF IT DOESNT COME YOU LOSE NOTHING, THE FALLING WEDGE IN QQQ IS BULLISH! SELLING MAY COME TO END SOON IMO.

Trade closed manually:

ALL POSITIONS CLOSED NICE GAINS IN THE QQQ AND SPY PUTS TODAY! SOME CONTRACTS +150%