Posted by goldnice on 24th of Feb 2020 at 03:50 pm
QQQ Nasdaq ETF. Looks like the {Wave 5} top is in. The bull
market run from Oct 2019 is over. Looks like we have the potential
for a bearish {H&S} top taking shape also.
becareful about making grand truth statements like that yet, it
could also be a wave 5 of a larger 3 which is generally what I
favor. However we had a parabolic condition in the QQQ's and the
correction can be quite strong. Regardless the next bounce
will say a lot
This sure ain't the kind of day to make any big commitment
either way ... more like wait and see for new capital ...
talking swing trades here of course not day trading
QQQ Nasdaq ETF. Looks like
Posted by goldnice on 24th of Feb 2020 at 03:50 pm
QQQ Nasdaq ETF. Looks like the {Wave 5} top is in. The bull market run from Oct 2019 is over. Looks like we have the potential for a bearish {H&S} top taking shape also.
becareful about making grand truth
Posted by matt on 24th of Feb 2020 at 04:04 pm
becareful about making grand truth statements like that yet, it could also be a wave 5 of a larger 3 which is generally what I favor. However we had a parabolic condition in the QQQ's and the correction can be quite strong. Regardless the next bounce will say a lot
This sure ain't the kind
Posted by mla127 on 24th of Feb 2020 at 04:06 pm
This sure ain't the kind of day to make any big commitment either way ... more like wait and see for new capital ... talking swing trades here of course not day trading
yep and we will probably
Posted by matt on 24th of Feb 2020 at 04:08 pm
yep and we will probably have follow through downside tomorrow morning with market closing near the low