QQQ / NDX / SPY /SPX showing some exhaustion
Looking at prior charts for QQQ/NDX and SPY/SPX, it appears some similar technical coincidences have developed again.
Using QQQ as my example, I'm of the opinion an overnight down-trend will begin after-hours on /NQ and /ES futures, thus resulting in an initial price retest to roughly $511 for QQQ.
I'm posting this as of Thursday afternoon, February 6, 2025, EST
Using QQQ as my example, I'm of the opinion an overnight down-trend will begin after-hours on /NQ and /ES futures, thus resulting in an initial price retest to roughly $511 for QQQ.
I'm posting this as of Thursday afternoon, February 6, 2025, EST
Trade closed manually
CLOSED THE SHORT TRADE AT $524 -- When the chart gets spooky, and the BOTS aren't following their own rules, one takes the money and runs!Note
To quote Hank Hill -- "This market just ain't right!" I'm currently looking for the Sunday evening through early Monday morning futures to throw everyone a curve leading into the New York open.. All predictions of "price" are off the table.
Bill and Dale both concur the whole thing is rigged, and that the concept of fair and organic markets are just a 'conspiracy theory'.
Boomhauer says: "Yabby dippa BOT man like gonna pop to the squiggly flip-flop flatten the curve and splat to the moon!"
The whole crew takes a slurp... "Yep"
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.