QQQ Price Action next couple months
Updated
Drag up the 100/200 MA so when you fall you have support on the golden magic hypothetical 50% line of all time on tech. I think we'll run through November after this, then take another down turn. Kind of a head/shoulders, but I think either it will do that into 2026 or it will take off from the top of the last shoulder and go on two epic legs to complete this huge channel I have going. I simply used the bottom two touches on QQQ and assumed the 2000 bubble was around the 50% of this long term channel, and then all the price action entirely makes sense.
So far, this pattern has not failed me. And if we do form two higher highs and one higher low over the year, that could be the longest largest SPRING LOAD event in the history of tech. Setting up a long two legs to the top of this channel, I think it was like 2200 on QQQ. That's nuts, but The massive drops after that are also nuts. Usually after completing a channel you retrace to the 23% over time. If this is the largest Wyckoff pattern in history, wow. A dip buy in June this year, held through Nov. Then another Dip buy mid next year could yield the longest bull run in history.
Wonder if profits will be there or if this is all just a digital game board now. I do think the different narrative is that my 61.8% line on this channel COULD BE the actual 100% top on a small channel. And we are just starting the head on a huge head and shoulders and we'll die after end of this year and won't make a higher high again. I'm open to either pattern, but not a full recession right now. This rally today has to prove it.
If this rally fails today, market is toast. Like massive down potential. But I don't think I see institutions selling, or large volume selling. Money go up. The world needs stability after COVID. The FED doesn't matter THAT much. Buy Backs continue at records, which has been estimated to account for 75% of the run we've been on since 2000. No one ever talks about that on TV.
I have 30 mini contracts good for 1.3 million if this next move happens. And then, I'll short the top and make another 1.5 million on the same prices all the way back down. This next 3 months is going to be... by far... like far far far... my best months in my career.
Like, 300k during the turmoil of the last 10 weeks. But I saw the rally happening and the levels and went for it. But this next move....Wowzers. My stop is break even now, so if it gets taken out, I go short now. But I really doubt it. This morning is already all green volume.
So far, this pattern has not failed me. And if we do form two higher highs and one higher low over the year, that could be the longest largest SPRING LOAD event in the history of tech. Setting up a long two legs to the top of this channel, I think it was like 2200 on QQQ. That's nuts, but The massive drops after that are also nuts. Usually after completing a channel you retrace to the 23% over time. If this is the largest Wyckoff pattern in history, wow. A dip buy in June this year, held through Nov. Then another Dip buy mid next year could yield the longest bull run in history.
Wonder if profits will be there or if this is all just a digital game board now. I do think the different narrative is that my 61.8% line on this channel COULD BE the actual 100% top on a small channel. And we are just starting the head on a huge head and shoulders and we'll die after end of this year and won't make a higher high again. I'm open to either pattern, but not a full recession right now. This rally today has to prove it.
If this rally fails today, market is toast. Like massive down potential. But I don't think I see institutions selling, or large volume selling. Money go up. The world needs stability after COVID. The FED doesn't matter THAT much. Buy Backs continue at records, which has been estimated to account for 75% of the run we've been on since 2000. No one ever talks about that on TV.
I have 30 mini contracts good for 1.3 million if this next move happens. And then, I'll short the top and make another 1.5 million on the same prices all the way back down. This next 3 months is going to be... by far... like far far far... my best months in my career.
Like, 300k during the turmoil of the last 10 weeks. But I saw the rally happening and the levels and went for it. But this next move....Wowzers. My stop is break even now, so if it gets taken out, I go short now. But I really doubt it. This morning is already all green volume.
Note
Sorry, I meant 300k in the last two weeks. Lol.
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