UPDATE April 5

Another lame quick update, I can not seem to get a sleep schedule yet🫠 I have posts I just can't seem to finish, and so I end up with quick updates😮‍💨

OK I expect down. It is still a melt up. The negative divergences formed. We should be on our way down. But how far?

resistance is at 197 and support near 187

This is a stock that leads me to believe we get a reversal today. This is prime for a reversal. Bollingers pinching, but not a lot of downside.

The bearish divergences formed on the longer time frames. The non farm payroll (employment numbers) came in low. Imports came in low. Exports came in low. Therefore, the trade deficit came increased.

All the negative divergences and low numbers, yet the market does not sell down. That is a warning that this is a melt up and refuses to go down. I would be wary or going short for longer than a day right now. I would also be wary of going long for longer than a day. Again I would not own anything here longer than a day.

Nasdaq futures support today is 13150. QQQ support is 317.40, the upper resistance would be 322.50.

Be Safe, Be Careful, Be Wise

and as always

Good Luck