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Invesco QQQ Trust, Series 1
Short

$QQQ is Ready for Correction

By PennyBagsCapital
Updated
QQQ

Since tech leads the rest of the market and the rest of the market looks clearly ripe for correction, it's obvious to short QQQ. As a chaos theory enthusiast, it is of my belief we do an analog of the correction and run-up of 2020, in 2021. It's that simple and shouldn't be over complicated.

With that said, history only repeats itself until it doesn't. Barring any major black swan or trend changing event we should see $401 to the pip by September 5th. Book it.

- PennyBags
Trade active
Although QQQ did not see the dip in the fractal, we are still tracking perfectly
Comment
QQQ is still tracking the fractal perfectly
Beyond Technical AnalysisfractalchaosfractalsmarketFundamental AnalysisQQQqqqforecastqqqshortTrend AnalysisUSDUSDJPYDJ FXCM Index
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