Invesco QQQ Trust, Series 1
Zaktualizowano

State of the market - SPX + QQQ

825
One more low is still possible to complete a falling wedge and more substantial panic before the bigger rally. I do think a larger multi day rally comes, but it could wait a day or two. I will update if anything changes. Good luck!
Uwaga
we broke out of the wedge structure so any test of it or a little lower is an objective long (with a reasonable stop in case it's a fake breakout). snapshot
Uwaga
If correct, target maybe around 4570 on spx - could be today or today and overnight before the numbers at 8:30 tomorrow. snapshot
Uwaga
target area reached, buyers need to come in if it's going to rally. snapshot
Uwaga
big fight at this level. Note the small time frame rsi is very low compared to yesterday's. A little lower is possible but I still think bulls have a shot at reversal here. snapshot
Uwaga
nope, bulls failed, repeat of yesterday. Bottom of wedge may become support, we'll see. snapshot
Uwaga
this looks like a reversal, but unless they can get over the yellow trendline, i remain cautious. snapshot
Uwaga
if they sell into the close, it would be different from the previous days, and possibly a bear trap into the numbers tomorrow. snapshot
Uwaga
very difficult to predict but I think this is what is happening into tomorrow's numbers at 830am. snapshot
Uwaga
looks like this maybe - watch out for the numbers at 830, good luck today!

snapshot
Uwaga
yellow trendline reached on another chart, it may reverse here. snapshot
Uwaga
i adjusted the lines just to see if there was anything hidden. I found this - we may get a bear trap at open and then rally rest of day. The end of the impulse may have been the final low yesterday. Good luck! I will update
Uwaga
snapshot
Uwaga
IF there is a pullback it should be bought. A leg has started IMO. snapshot
Uwaga
looks like it's processing a B wave. Watch for choppiness and a final move down sometime today. snapshot
Uwaga
they are buying the breakout area, but the rsi is warning of a possible further leg down for 5 on Q's - could be at least. be cautious. snapshot
Uwaga
Rally postponed it looks like - final leg down on tech and then bounce next week. snapshot

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