If the previous leading diagonal is accurate, QQQ is currently in my target zone. It was Just shy of the 78% retracement today, but in supply. If last Tuesday (11/25) was a really quick wave B then QQQ also hit A = C in the last hour of trading today and closed below it. SPY went over A=C and closed on it.
Also have bearish divergence. Time wise, we are at 61.8% of the leading diagonal.
The last 3 Thursdays before Thanksgiving were all down days, lets see if we get a repeat tomorrow!
Also have bearish divergence. Time wise, we are at 61.8% of the leading diagonal.
The last 3 Thursdays before Thanksgiving were all down days, lets see if we get a repeat tomorrow!
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