%% Good + practical. I'm no market maker . But great quote by a market maker ''you will probably get the news before I do'' Good bear market\down-trending market...........................................
With eye on my chart of QQQ above, is it any wonder that talking heads feel rally is imminent? How so? Look at the divergence on the Macd. Additionally the heads cannot see the support level boosting QQQ. This is not visible to them. They call them squiggly lines ln a chart and say, "you mean to tell me that some squiggly line on chart is going to tell you the likely moves of QQQ?" Of course they all have failed to notice and perhaps even forgot that a DEATH CROSS occurred in March 2022 and the 50 is still sloping down.
Blue line is cracking but can still hold but when it does go bust, the Short continuation will sing as QQQ sinks like a stone