QQQ Breakdown - The Bubble is popping
I've been looking for a market top for awhile due to many macro and fundamental reasons. Further downside can be accelerated by the odds increasing that Bernie Sanders may be the next US president if the market trump claimed credit for falls apart before the election. We don't seem to come into solid resistance until we hit the August trading range. If we undercut the August lows, I think we still have plenty of room to the downside. Either way, am considering reversing short positions to at least neutral once we hit the 200-day moving average as it may come in at similar levels.
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