SQQQ trended down the last two days of last week and especially Friday as the technology stocks surged
Yesterday had price consolidation and generally less trading volumes. I believe that
SQQQ will bounce at this level. It is supported by a cross above the POC line of the volume
profile. Under that line is the stop loss while the target is 17.95 at...
It’s again quite simple. 8892 is only 10% lower from here. That’s just still not enough PE compression. We are still up 525% since January 2010. That’s ridiculous. Purely liquidity melt-up not based on any fundamentals. Earnings were also a garage.. If you know this now you’ll take the red pill and understand how Marcus will work going forward and how they always...
in 2021, I noticed some patterns on both the BTC chart and the QQQ chart.
Now these patterns are happening again on both charts.
Last time, they didn't confirm. The market bounced back up.
It bounced in mid-Oct 2021 - when the fourth stimulus check hit people's banks while a ton of extra unemployment benefits were given to people.
I'd say it was a coincidence,...
This damn Nasdaq...
Sick of this thing already.
The Nazzy, and its faithful derivatives, have been on a mission to get to whatever fib targets it was programmed by the universe to get to since early 2020. The reason I believe that this index is particularly in pin-seeking mode is because of the price level it stopped abruptly at during the September 2020...
QQQ confirming we should be seeing a broader market pullback.
Price breaking pattern at correct time.
Price is reaching down towards 10WeekMA. If we cross red zigzag, this should confirm continued downtrend to white support.
May be best to secure some profits at 10WeekMA, as QQQ looks to lag after the initial drop.
RSI and Filter Dots confirm downturn started. ...
