QQQ Head and Shoulders Still iIn Play

Short

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)

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NASDAQ:QQQ Invesco QQQ Trust, Series 1

trendanalysis chartpattern indicator head_and_shoulder qqq short weekly longterm

QQQ (Nasdaq) are still likely carving out a right shoulder. We anticipated this in December and now we have
more information to support our hypothesis. A weekly signal will likely be triggered soon for QQQ.

Commentaire:

The overnight futures traders where taking this to open 2% gap up. Silly traders!
When this happens think as calmly as you can. Before you react look at the oscillators on the 1hr. Are they buried in overbought (oversold if its the opposite scenario)? Yes they were extremely overbought. Nasdaq opens gap up 2% higher, with 1hr oscillators buried in overbought---where were the bulls planning on taking it? 4%? 5%? You get the idea.

Commentaire:

How many people here in TV got this right? Now that price action has done its thing everyone changes their charts to say "I warned you". But very few do this in advance of a huge move like this. Correct analysis gets 2 likes. I wonder if I should start posting wrong analysis for votes. Hahaha. Nah.

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