"The Wall" QQQ Short Setup on Weekly Chart - Bye bye profits
There is an old saying when you look at macro-economics - 'When people stop buying chips, take your bets off the table". You can always know when the house is about to win. It's when the numbers of people at the chips window is starting to teeter. When the house sees that, they push the buzzer int he pocket of all the dealers - "take the chips back from the public, we are not seeing enough withdrawals to constitude offering any more winnings". So, the dealers take as many chips of your out, to give it back to the bank. When this thing pivots, whose side are you going to be on? I hear the hopium is really good over by the backarack table. Maybe we should try some on leverage before the dealer gets buzzed. Oh wait, what's that sound? It's the sound of 10 years of consolidation and net 0 returns on Total Stock market. Ready to till the earth for food? I'm not, and that's why I'm long treasuries. +5% is better than -30%.
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