Here's a bearish
QQQ count that has us concluding an ending diagonal intermediate wave 5 of primary wave 5 of cycle wave I, followed by a target between 0.5 and 0.618 of cycle wave I. This top would coincide with a 20 y/o channel. Not committed to this count, but I nibbled on some near term
SQQQ puts.
Note
Here's a zoomed out look at that 20 y/o channel on the monthly. If Thursday closes this month inside the channel, I may add some more Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.