QQQ just never fails. another false breakout and basically no progression with every false breakout in price reverting exactly where it came from. This is a market for bears, at least for QQQ. I am not sure why traders are positive on expecting a break out to new ATH, because the second we "breakout" this thing is going to implode much lower.
QQQ closing on the lows as expected. We are setting up exactly like the drop from 502 in July. 4-5% implosion prior to election from tech earnings? Aug-Oct 3 month span is currently positive for the market indicating the incumbent should win the election. But the other candidate is winning on the PredictIt betting odds. QQQ extreme bearish. SPY will stop making ATHs any day now, and QQQ will follow with it.