Eerily fits the bill for XABCD pattern if QQQ can bounce off 323 on 25th April. Together with strong tech ER & potential war ceasefire on 9th May, we could retest at 380ish before it is a good time to short.
Given that debt ceiling is looming after 31st July, there will no-issuance of TNX as the US govt can't issue them anymore post the debt ceiling resolution. Fed is still going to buy the T bills/bonds per their $120 billion mandate. Even if we assume demands remains, supply is dwindling -> lead to bond price increasing -> yields tanks -> TNX tank
Typically a good top signal is when u have > 3 more green candles above the keltner channel. Together with a decreasing ATR / and RSI >65 show signs of QQQ topping out.
What is missing a trigger that:
1) Thursday's job data (given the past few job data has been positive for QQQ though. Jobs might be picking up)
2) Wednesday's Inflation prices PMI ( clearly it...
