• Below all moving averages
• Fibonacci at critical level 0.61% if we reverse it has to be today… now
• Higher volume of buyer much lower
○ My Thought: As previously stated we are moving a lot lower we can easily see 500 point move down today. This market is well over due for a healthy correction. First target is 14700 and then below that we test and most like break through 14k. Markets are looking weak and want to stabilize at a lower rang as we deal with inflation, and rate hikes with tech sector surely to get hit the hardest and interest rate hikes. Over the last few days I have been stressing securing those profits and letting the rest ride.
ETF: QQQ:
Overall: Bearish
Today: Bearish
• Fibonacci at critical level 0.61% if we reverse it has to be today… now
• Higher volume of buyer much lower
○ My Thought: As previously stated we are moving a lot lower we can easily see 500 point move down today. This market is well over due for a healthy correction. First target is 14700 and then below that we test and most like break through 14k. Markets are looking weak and want to stabilize at a lower rang as we deal with inflation, and rate hikes with tech sector surely to get hit the hardest and interest rate hikes. Over the last few days I have been stressing securing those profits and letting the rest ride.
ETF: QQQ:
Overall: Bearish
Today: Bearish