I belive we are still in a bearish downtrend and today was a much needed bounce to continue lower. With AMZN and APPL earnings, I believe they continue to push the market lower. Time will tell, GLTA
I feel the pump today with the SPY and QQQ was a way to allow for more selling to come soon. I don't believe the market is going to continue bullish especially given a bearish downtrend was starting to form on SPY and QQQ. Could be wrong of course, but time will tell. GLTA!
I'm just charting this out to keep and eye out. I feel QQQ is due for a good bit more of downside and may be in a short term bearish trend. I am very new to charting and just testing out what I see. GLTA
Looking to play this to the downside heading into earnings in a few months
I'm going to be paying attention to price action throughout monday and see if I catch a swing within this pennant and see if it gives an indication for where we move on tuesday. All subject to change with any earnings or news of course. glta
I'm keeping an eye out on if this bounce off the .5 Fib Level on QQQ is going to retest to go lower or consolidate around here
not sure which way this will turn but IM LOOKING! THINKING A RETEST AT GOLDEN AREA
My prediction if QQQ breaks into a downtrend instead of bouncing / consolidating and moving up
Just testing out some charting here, unsure if it will bounce to fall lower or continue higher but this does seem like a level to bounce off of?
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