QQQ Bearish outlook

2022年3月31日

The market looks overbought near term, especially QQQ. I dont usually post analysis unless it is compelling, and here, you have a head and shoulders pattern meeting another head and shoulders pattern on the potential last shoulder of the first, to bring about the last shoulder of the second. I am holding stocks, I cant predict the future, but I am hedging because this could be big.

2022年4月5日

ノート

Couple days in, looks good. Haven't broken the cap blue, and looking poised for that downtrend.

2022年4月6日

ノート

Hit that first resistance about a day or two early, I might expect a bounce tomorrow and then the selloff to continue Friday. Thursday more of a chill day in my eyes, but specific day patterns in advance are all speculation.

2022年4月25日

ノート

The set up is PERFECT. The second head and shoulders pattern is emerging. It would be reasonable to hit support and go for a bounce to around 335-338. It may be less serious, but it seems that it has created the setup I predicted last month.