The late day pullback may have been a small 4th wave with at
least one more push upward....upon a higher high I will be looking
to position hedge (shorts) over time. The FAANG stocks all
look to be in a topping process. Big cap tech and biotech
showed relative weakness today as traders rotated into other
sectors so may consider some hedges around here and add
accordingly.
Matt, Steve, regarding the 60 min QQQ chart Matt posted last
night, looks like even after this morning's sell off, it may play
out that a rally into the broken uptrend line is still in play. Can
you post an updated chart of what you are seeing with the Qs
please?
The late day pullback may
Matt--I am amazed as to the accuracy of your forecast ...
Posted by steve on 26th of May 2020 at 05:11 pm
The late day pullback may have been a small 4th wave with at least one more push upward....upon a higher high I will be looking to position hedge (shorts) over time. The FAANG stocks all look to be in a topping process. Big cap tech and biotech showed relative weakness today as traders rotated into other sectors so may consider some hedges around here and add accordingly.
I could see something like
Posted by matt on 26th of May 2020 at 11:21 pm
I could see something like this
Matt, Steve, regarding the 60
Posted by DK on 27th of May 2020 at 02:22 pm
Matt, Steve, regarding the 60 min QQQ chart Matt posted last night, looks like even after this morning's sell off, it may play out that a rally into the broken uptrend line is still in play. Can you post an updated chart of what you are seeing with the Qs please?
Hat tip Sir
Posted by retirefire on 27th of May 2020 at 11:44 am
Hat tip Sir
thx
Posted by morton7 on 27th of May 2020 at 08:17 am
thx