Now it's time for the market to decide if it is going to inflict maximum pain on the bears, or resume the disaster. Bear case shown below. If it goes below the white line, it's on...... If it bounces there, fur is going to start flying!
I've got a bad feeling it needs to touch the .618 before the bounce, in order to inflict MAXIMUM PAIN
Ding ding ding ................ Results for today: ZERO QQQ trades Results for yesterday: Zero QQQ Trades
Good Thursday morning, Sept 1, 2022 guys, just an update .............. I have zip to report. NO QQQ Trade. I'm still flat this thread QQQ. When I am not sure = high confidence level I don't trade. There is no other reason. What am I doing in the meantime? I am working on my moving average system and trying out different things. So, once again ZERO QQQ trades - this is the 3rd day of no action for me Others are making money and that's a good thing. I like that. Keep it up.