QQQ: I might be wrong (Inverted Chart)
I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume
the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another
period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility
of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs.
The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail
and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors
capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say.
This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions
in certain companies, maybe even the Qs but I will be doing so cautiously.
the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another
period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility
of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs.
The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail
and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors
capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say.
This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions
in certain companies, maybe even the Qs but I will be doing so cautiously.
코멘트:
Hopefully it worked... I figured if I publicly capitulated as a bear, we might actually see the inevitable turn in market momentum. Continued insider selling for both NVDA and TSLA.
