QQQ Possible Head and Shoulders

1 Jun 2021Not confirmed, obviously, but the possibility is there. In tandem with the BTC chart (they've been correlating), things could get quite red all around.

4 Jun 2021

Komen

Looks like a shoulder is on its way but we'll have to see. So damn big. On this big of a chart, every candle feels like a century.

I want to see it under $326 consistently before I start believing in ghosts.

I'm calling anything in the range of $331-$333 inconclusive for now.

I wish I hadn't been right about the H&S this March, then I wouldn't be so worried that I have confirmation bias ;)

No. I don't regret it. That was a nice chunk of cash.

Hope this trade works out. Has the potential to be a biggie.

5 Jun 2021

Komen

Gaps got filled.

Inverse market reaction to catalysts continues (poor labor data = equities go up?)

Next week will tell the tale of this thesis.

$337+ means H&S is a trash idea.

Need to see some sub $330' days to make this viable.

Have a good weekend.

7 Jun 2021

Komen

BTC and other crypto just got shorted and tanked down to critical price which could indicate a big drop this week or next. NADAQ has been trading in sympathy with BTC. Not good for this chart if that continues.

8 Jun 2021

Komen

BTC price no longer correlating with NASDAQ. Interesting...

8 Jun 2021

Komen

Not looking good for H&S but I am very curious how the rest of this week plays out.

9 Jun 2021

Komen

Invalidated.

Higher highs or triple top?..

16 Jun 2021

Komen

Triple top? Next week will tell.