Short

QQQ Pump & Dump Idea

Updated

Just Speculation... only because I think the Markets haven't finished this Correction---Bull to Bear set-up Idea : current Cup and Handle Short Squeeze rip to $290 area then Drop....
because of: Bad Earnings Season... Seasonal Market Movement in line with current dates , Fed Manipulation....etc

Is the Carnage over? Have We Bottomed or are we going down for final leg?
Thoughts?

Note

We are at ** Major resistance zone + 20 WMA and 200WMA (279/278)

Markets are becoming oversold!

*Today the VIX dropped more than 10% in a session : 85% chance that we have a down day/ correction within the next 2 trading days.

Options are pointing for a move higher next week

Possibilities: ( my Speculation)
- impulsive exhaustion move up with big rejection, with a retest and secondary fail to begin Bearish scenario
- small pull back tomorrow followed by bigger pullback Monday into volatile trading that will take us towards 0.786 fib into next week & sideways trading into the end of January - (this will be most profitable for market makers to expire January options) next PCI reading and Tech Earnings misses will be the catalysts for Capitulation into February - in March Fed will confirm easing of Quantitative tightening *** this will begin Bull Market and Major Short-Squeeze

Trade active

OK, 0.786 fib reached - Be prepared for VOLITILITY - FED is going to stop markets advance with continued rate hikes - the FED wants a recession*

Note

Trade closed: target reached

I've begun buying SQQ - if QQQ breaks above 301 - I'm out -
I also began buying VIX 20 calls for March

Note

This is when we see Market Peaks .. be careful -

Trade active

Another bearish indicator: SPX/HYG

Note

if we can't fill the gap, then Island Gap reversal can play-out

Trade active

3 drives to high Bearish Pattern formed on 1hr + Daily Divergence

Trade closed manually

Face Ripping SQUEEZE RALLY! Preparing for Bull Trend Market with bias to a meaningful pullback - Tech Earnings will be very important today

Black_Sheep1

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