jedington

QQQ - the WSB Memes might've broke indexes & non-Meme stocks.

Short
jedington Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
This is just a combination of indicators that gives buy/sell signals.
Shows what may be the third/fourth big dip within the last year (from worst to just bad = Mar, Sep, Oct, and Now).
Comment:
I'm just a pleb, but if this helps anyone, cool.
Trade active:
Bought into SQQQ a couple of days ago, will hold unless I see a significant change in direction. If my estimate is mostly accurate, market should downtrend next 2 weeks at least, like the Mar/Sep/Oct 2020.
Trade closed manually:
Interesting rebound today. Sold morning, looking for re-entry.
Trade active:
Rebought SQQQ @13.55/share; thinking swing potential similar to Thursday's. A couple weeks of sell signals for QQQ unless there's some incredible rallying this week; lower highs, lower lows, downtrend is still underway imho.
Comment:
: Still have a hold on SQQQ, so far barely positive, only because I swung a bit yesterday, but tomorrow is looking tense.

My statement on downtrend next 2 weeks could be wrong; we'll see what happens the rest of this week.

Been following Dr.Roboto and one of his recent posts shows S&P 500 at the cusp of going either direction today. That's why I think Wednesday might have some significance as well as QQQ almost reaching new highs (Jan 26th slightly higher).

This will either be a lesson learned or a close win.
Comment:
Edit: Dr_Roboto
Trade active:
My stubborn hold of SQQQ might actually have payed off--we'll see in March.

More just fools luck.

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