QQQS longWe are looking at Inverse purchases
QQQ long unit trust position is reaching $250 at a max, needing a strong correction. This double top scenario is looking plausible.
This is not a signal, price will change and according to the rules of your plan, trade when price aligns to your levels.
Technicals:
Swing low - lowest ever price, creating double bottom to previous wick
Fake V-shape recovery for the economy.
market disconnect in favour of inflating greed.
no real QE back into the economy, just inflating prices of stocks.
QQQ long chart - price max reached.
historic supply
awaiting rejection wick candle or inside bar engulfing bearish.
Use risk management accordingly here.
note: our take is not final, this is not a signal, price will change and according to the rules of your plan, trade when price aligns to your levels.
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Many thanks,
Team Lupa
