$Invesco QQQ Trust (QQQ.US)$ People don't seem to realize it...
$Invesco QQQ Trust (QQQ.US)$ People don't seem to realize it yet, but the main uptrend was already broken on October 31st. This looks like it's getting ready to backtest previous support around 497-498, at which point I would anticipate another large dip, and possibly a crash.
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Warren Buffed : Im anticipating but holding a loss US not gonna let it burst
Derpy Trades OP Warren Buffed : They'll do what they can, but at the end of the day if global demand is drying up no one can stop a recession.
Warren Buffed Derpy Trades OP : The mag7 too heavy. Market keep buying. Price too high then stock split etc, so that more ppl can buy....
Derpy Trades OP Warren Buffed : I am keeping in mind that right before the last crash everyone was super bullish and calling for new ATHs.
Warren Buffed Derpy Trades OP : When was that? 2008?
Derpy Trades OP Warren Buffed : That's the last major crash, if you exclude the COVID crash, although there was a bear market in 2022. Before every major crash there were a ton of bullish articles coming out. Sentiment can switch rapidly. Heck, back on Aug 5th of this year many were calling for a 75bp cut from the Fed due to market crash fears, then the market went on to make new ATHs.
Warren Buffed : Back to ATH...