QQQ breaking down

5 Haz 2018

Market is starting to roll over. I'm expecting some major correction as we saw in February.

5 Haz 2018

Not

Perfect breakdown - backtest - dive pattern.

5 Haz 2018

Not

Don't be fooled by the fact that QQQ is up :p

6 Haz 2018

Not

Too early to call a break down yesterday. Instead, this should be what a short should be looking for:

12 Haz 2018

Not

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.

12 Haz 2018

Not

Chart update:



Trend line broke and we are backtesting it even though we are making new highs.
Bearish divergent continues to build up energy.