I'm seeing Wyckoff Distribution Patterns on lots of index and mega cap charts, including QQQ J225 & MSFT. It seems pretty obvious that the next bear market is about to start, between Sept Trip Witch and March Trip Witch.
I have no association with Trading Coach, just borrowing their graphic for example.
I have no association with Trading Coach, just borrowing their graphic for example.
Note
Similar pattern in J225
Note
QQQ 500+333/2=416.5 midpoint level to watch Note
416.5 would be bear trend neutral in the 333-666 range, with 500 being neutral. If it fails 416.5, bear trend will continue; if not possible buying opportunity. 
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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.