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QQQ has been been the laggard of the major indices since May 2015. Head & Shoulders forming on the dailyas labeled. Bear flagged the uptrend line from February in mid-May 2016 then re-tested the same upward trend line only to be crushed by #Brexit Friday. But #Brexit isn't the only reason for the fall. I think investors are starting to finally wake up and smell the "overvalued flowers". With Gold (+24%), Utilities (+17%) and TLT (+12%) outperforming all othyer sectors, investors are positioning themselves to more risk-off positions. More charts to come.
QQQ has been been the laggard of the major indices since May 2015. Head & Shoulders forming on the dailyas labeled. Bear flagged the uptrend line from February in mid-May 2016 then re-tested the same upward trend line only to be crushed by #Brexit Friday. But #Brexit isn't the only reason for the fall. I think investors are starting to finally wake up and smell the "overvalued flowers". With Gold (+24%), Utilities (+17%) and TLT (+12%) outperforming all othyer sectors, investors are positioning themselves to more risk-off positions. More charts to come. 
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.
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.