More insane V's today. QQQ touched 361 so of course, it's immediately forced to go back up. Gonna be another green week in QQQ. They cannot keep this down no matter what happens.
More like can't keep it up* no matter what happens. LH's, LL's since mid July. * took the wrong V for keeping it up.
Today was an insane day. I will admit it was the most stressful day I've seen in some time. I do actually think we are at a pretty pivotal point here. The market is fighting between Pre 2023 and the 2023 marker here and it's made for some insane action. Should the market correct here? If Technicals mattered (or this was 2022) it would easily fall to 350-352, but this is the new normal where it rips a V and always gets saved.
why would the market correct here? Is it gonna correct because your technical said so? Just look at the price action, it will tell you everything you need to know. Forget the news, forget what trading guru tells u…just look at the chart and use your damn brain.
You've been saying this since you started this thread, and before that. FYI, we're back to June 1st levels. *crickets*
V's have become A's without the line in the middle. Here's the QQQ (Red), SPY (Blue), DIA (Cyan) IWM (Yellow) year to date percentage moves. IWM at the bottom is already negative, DIA is sitting right on zero line, and QQQ & SPY are just breaking Trendlines to the downside. Any questions?
it did fall to the 350-52 zone and guess what it got saved again and here we go pumping again. QQQ still green for October and this market refuses to stay down. Do I see a triple bottom? We could be setup for another insane pump. The magic of this market is incredible.