U0DATE April 13
KNOCK .... KNOCK
How bad is it, and how long is it going to go?
Well, there is no sugar coating it. It's BAD and even in the realm of bad, it's BADD!
We still have upside, but momentum is weak. I think we are in a correction for more upside. But the upside will probably be weak. This is a sell the rally, short the rally time. $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
The white line at ~12700 is the "line in the sand." I believe this is the support for the pullback. See all the candles closing/opening around it. It is also the lower bollinger. It is my belief we sell down to there and then reverse back up to at least the mid bollinger, maybe to the upper bollinger. The daily candle opened below the mid bollinger, I see this dropping because of that. Price is alo under the 5MA (orange line), so I could see price rising to meet it around 13080 or about 100 points.
Ok that was quick, but I have a lot of things to deal with this morning. Apologies..
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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BruceLin8 : Do you mean QQQ will go down soon?
iamiamOP BruceLin8: yes, maybe not this week, but soon. we have all the bearish divergences. but it could make a new high and give another divergence. when it's this shorted it has to wind and churn the options