Invesco QQQ Trust, Series 1
Short
Mis à jour

$QQQ Cycle I in?

55
Here's a bearish QQQ count that has us concluding an ending diagonal intermediate wave 5 of primary wave 5 of cycle wave I, followed by a target between 0.5 and 0.618 of cycle wave I. This top would coincide with a 20 y/o channel. Not committed to this count, but I nibbled on some near term SQQQ puts.



Note
Here's a zoomed out look at that 20 y/o channel on the monthly. If Thursday closes this month inside the channel, I may add some more SQQQ calls in the new year.
snapshot

Clause de non-responsabilité

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