Most “wave” theorists would tell us that markets (stocks) move in, on average three major waves. If that is the case, we have had two major moves down on the $QQQ. Both in the 90-point range with one rally of about fifty points (all moves intraday low to high). Could we be in for a Bear Market rally of around forty-five points ( ½ the move down on each leg)? If so, we could see a move back to around 325 which is about a 15% move and then another ninety points drop to finish this move? This is not a prediction in any shape, form, or fashion. Just ideas.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.