QQQ went to 90.43, and the longs were headfaked not just once but twice, with short duration between the two successive headfakes which took pace in the same price range and in the same manner, thus reflecting the mode''s name: "Fade the stupids". RR was ~ 10:1.
The idea of fading made it even to the main press, which is a proof that the models predicted a fade as even journalists could see after it the fact. " NEW YORK (AP) â The stock market ended higher Monday, but a late fade kept it from closing at an all-time high."