consecutive forecast for weeks ahead (TQQQ)
Updated
i think we will see a lower high, followed by a lower low, but we will stay over the .382, and then continue higher
every period of volatility that dried up quickly or was extenuating in nature was v shaped, and every period that was more exaggerated or corrective in nature was cypher shaped.
we could bull cypher with a touch of support, but if we break it things will get much more serious quite quickly. if we break the 0 of extension the picture will clear up greatly for nasdaq bulls.
sundays session should be bullish continuation, and we should open higher monday and then begin the flush to new lows middle of the week of the 6th, unless we immediately continue higher over 59
every period of volatility that dried up quickly or was extenuating in nature was v shaped, and every period that was more exaggerated or corrective in nature was cypher shaped.
we could bull cypher with a touch of support, but if we break it things will get much more serious quite quickly. if we break the 0 of extension the picture will clear up greatly for nasdaq bulls.
sundays session should be bullish continuation, and we should open higher monday and then begin the flush to new lows middle of the week of the 6th, unless we immediately continue higher over 59
Comment
expecting a similar qqe long entry with bullish divergence in rsibut if trade doesnt present itself it could mean confirmation of a bear flag starting the next leg down
if we continue higher above 61.50 it could also be bullish starting a melt up that lasts over almost 2 weeks
Comment
Comment
i think ARKK could stage a comebackTrade closed manually
i would take most or all long off the table if we cant stay over 62.08Related publications
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