Tech Bear Flag
380 broke to upside, rejected 400 hard, retested and broke 380 hard to the downside. If we ain't going up, looks like we going down. Bear flag went for 380 again, not even close, more downside to 340, now we in second bear flag, even more violent than first; bear market action. RSI below 40 on bear flag, imo will go to retest 340 again and if break looking for 320. Took on qqq weeklies and sqqq monthlies for more downside.
Note
closed qqq weeklies this morning for a limit sell I had, holding sqqq monthly, will consider adding qqq weeklies again.Note
closed monthlies yesterday for money can't turn down. done with this chart for now, bear flag seems to invalidated.
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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.