Invesco QQQ Trust, Series 1
Short
Aggiornato

QQQ - Rising Wedge Breakout Short

Idea for QQQ:
- Rising Wedge breakout to the downside, then obligatory re-test.
- QQQ Three Resistances Confluence (ATH, Ending Diagonal within an Ending Diagonal):
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- Inner:
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- ATH fake breakout can be seen as UTAD on Distribution.

GLHF
- DPT

Trade attivo
Bitcoin will lead down. Bitcoin is the techiest of tech:
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Trade attivo
for EW: istantanea
Trade attivo
First drop incoming: istantanea
Trade attivo
Distribution Cycle:
QQQ - First Drop Incoming (Sagittarius)
Trade attivo
o/n RRP tightens systemic liquidity. RRP rates were a death blow to the bubble top rally. Cash reserves being sucked out of the system should widen the rates spread (OIS-LIBOR), and kill High Yield/Junk Bonds. NDX is just a HY derivative:
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Any rallies now should be faded, barring dovish changes in monetary policy.
Trade attivo
NQ seems to be at or near a peak, drop here is 12700 with certainty: istantanea
Trade attivo
HY just fell off: istantanea

Declinazione di responsabilità