QQQ Turtle Soup Sell on the daily

31 May 2018

QQQ failed to hold previous 20 day highs (170.82) after making new 20 day highs. This sets up a Turtle Soup Sell (Linda Rashke), a short term reversal. The weaker the trend, the stronger reversal (time a/o price). QQQ ADX on the daily ≅ 10.4, essentially trendless. This setup is invalid > 170.82 - 20 day highs/low are key levels and price often trades through multiple times - set stops appropriately.

6 Haz 2018

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POTENTIAL for a Turtle Soup Sell on the WEEKLY... ADX = 18. Previous ATH 175.21