So this is what I see:
The descending volume MA should never have produced such a strong impulse YTD. The divergence is too obvious, and boggles the mind as to why this 2017 rally was allowed to happen. QQQ is up roughly 8% this year off of the December 30th lows. CRAZY! A 5% YEAR is considered great. How are we already up this high? Makes NO SENSE!
We've now hit the top trend line of the channel. Does it break this week? Volume is the only indicator that should be looked at at this point. Some kind of surge that will result in new highs or a failed attempt.
This whole market, in my opinion, has fully priced in a "best-case-scenario" Trump agenda, yet he hasn't done ANYTHING. It's pixie dust nonsense and is setting up a MAJOR correction!
I closed my last short for a loss, but this week is definitely payback time... Keep your eyes on the volume!
The descending volume MA should never have produced such a strong impulse YTD. The divergence is too obvious, and boggles the mind as to why this 2017 rally was allowed to happen. QQQ is up roughly 8% this year off of the December 30th lows. CRAZY! A 5% YEAR is considered great. How are we already up this high? Makes NO SENSE!
We've now hit the top trend line of the channel. Does it break this week? Volume is the only indicator that should be looked at at this point. Some kind of surge that will result in new highs or a failed attempt.
This whole market, in my opinion, has fully priced in a "best-case-scenario" Trump agenda, yet he hasn't done ANYTHING. It's pixie dust nonsense and is setting up a MAJOR correction!
I closed my last short for a loss, but this week is definitely payback time... Keep your eyes on the volume!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.