Market is starting to roll over. I'm expecting some major correction as we saw in February.
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Perfect breakdown - backtest - dive pattern.
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Don't be fooled by the fact that QQQ is up :pNote
Too early to call a break down yesterday. Instead, this should be what a short should be looking for:Note
Very bad call this one. Trend was bullish back then and is still bullish. But things can change quickly in light of the coming FOMC. I think the FED could be surprisingly Hawkish by announcing accelerated rate hike (50bps or more frequent rate hikes), which would signal that the FED wants an early end to the current rate hike cycle before things get out of control.Note
Chart update:Trend line broke and we are backtesting it even though we are making new highs.
Bearish divergent continues to build up energy.
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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.