Idea for QQQ: - Rising Wedge breakout to the downside, then obligatory re-test. - QQQ Three Resistances Confluence (ATH, Ending Diagonal within an Ending Diagonal):
- Inner:
- ATH fake breakout can be seen as UTAD on Distribution.
GLHF - DPT
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Bitcoin will lead down. Bitcoin is the techiest of tech:
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for EW:
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First drop incoming:
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Distribution Cycle:
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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:
Any rallies now should be faded, barring dovish changes in monetary policy.
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NQ seems to be at or near a peak, drop here is 12700 with certainty:
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