UPDATE April 24

A very quick update. It has become difficult for me to do updates, and now I know why. Nothing about this market excites me. There is absolutely nothing I would own here, nothing (I'm sure there are runners and squeezes, but I don't track heat maps or scanners, I'm not a p&d trader). There are only 2 things worthy of dip buying here. NatGas and Platinum.

Nasdaq looks like it was forming a bull flag, let's see if it follows through and comes out of this bull flag formation.

This is a picture I took and shared on chat around 7 hours ago

The price action is over the 50MA, the 5MA is moving up. If resistance around 13120 is broken, there should be more upside. Everything looks like it wants to turn up. The last 2 days these have run up and fizzled, but this feels different. We will see.

Personally, I believe we reach a new high this week around 325 ish, I'm not betting on it, but I'm watching it. If it does make a new high, I'm looking to see if it creates another bearish MACD divergence on the daily chart. I think we have a big downside coming. Over the next 2 months, I believe we retest the October low of 255 (I think we break it, but we will see. Maybe we only drop to the 200MA near 290???). I believe there are events coming that will test the markets. But there is definite possible bullish upside. This is why I don't want to own anything overnight, except natgas and Platinum on red days. (let platinum deflate from its recent run)

Well that was indeed quick.

For today the projected QQQ high is around 320 with the low around 315.

Well, that was indeed short. When the market becomes more interesting, perhaps I will also

Be Safe, Be Careful, Be Wise

and as always

Good Luck

I still own GSUN, and I believe Chinese stocks may be turning around near the same time the US markets start declining???? I'm not sold on that theory, but I'm watching it.