America's ATM is getting hammered https://www.marketwatch.com/story/u...n-july-nahb-reports-11658152827?mod=home-page
QQQ 5-min. see same-o same-o chart as before but now the top trendline on Price is busting and the RSI trendline is busting all in real time. Is there any other time other than real time? http://tos.mx/i5oMgom
50% vs 61.8% ................... why the 50% level causes me to be early sometimes, like this time in this particular trade in QQQ. 50% is not a real Fibonacci number but markets have a tendency to go there and reverse. Nobody knows why and neither do I. So I place odds of reversal at that level. Many times I'm right and other times I'm wrong. 61.8% is the more nimble level Comparing the 50% to the 61.8% is akin to comparing Bruce Lee's opening technique in the fight to the one adopted after getting smacked real good left and right. The nimble approach wins hands down. Therefore 61.8% is the tried and true trusted stable winner in preference to the 50%. But can I be cured of the 50%? I doubt it. Its in my blood now.
QQQ now honoring my 2nd Price trendline, testing it and trying to bust thru' it http://tos.mx/brW4Tu4
QQQ 5-min. ................ the origin of the RSI wave is being approached (21.67) My 2nd trendline has now been taken out real good http://tos.mx/zdunJop