QQQ: Inspection 101
US mkt have been on a decline since Dec 2021. Primarily due to we've been on QT cycle. During these time followings have happened (as illustrated in the chart)
Key Takeaways
All the highs made were lower than the previous ones (1st through 3rd)
All the lows made were lower than the previous ones (1st through 3rd)
4th high was higher than the previous one (3rd)
4th low was higher than the previous one (3rd)
Trend line was broken during the 4th bull trend for the very 1st time since Dec 2021. Pretty telling that QT cycle is coming to an end (one more 50+25 point basis) rate hike can do the job and 2nd half is much more enjoyable ride for bulls.
Hope you find it useful as I do.
enjoy
Key Takeaways
All the highs made were lower than the previous ones (1st through 3rd)
All the lows made were lower than the previous ones (1st through 3rd)
4th high was higher than the previous one (3rd)
4th low was higher than the previous one (3rd)
Trend line was broken during the 4th bull trend for the very 1st time since Dec 2021. Pretty telling that QT cycle is coming to an end (one more 50+25 point basis) rate hike can do the job and 2nd half is much more enjoyable ride for bulls.
Hope you find it useful as I do.
enjoy
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.