UPDATE, Oct 6
nailed it!
UPDATE, October 4
Another quick update.
There is a bullish MACD divergence on the 30 minute chart. I expect upside. The markets are oversold and need a bounce. Around 357.5 is my first pivot point, then 359. This is a short the rally move.
Another quick update.
There is a bullish MACD divergence on the 30 minute chart. I expect upside. The markets are oversold and need a bounce. Around 357.5 is my first pivot point, then 359. This is a short the rally move.
I expect downside. as low as 330. but 348.5 near term. at that point I would look for a possible rebound. I want to see how strong this gets.
now, what to do???
Be Safe, Be Catious, Be Wise
and as always
Good Luck ![]()
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iamiam OP : QQQ is pegged at 361 today beware.
BruceLin8 iamiam OP : 363 now? So do you think will go down later?
iamiam OP BruceLin8 : we could, that's my thought. then up towards 370
iamiam OP BruceLin8 : also if it does blast to 366 today that would be really bearish to me, i would have to wait for monday to short but i would be very bearish if it did that.
BruceLin8 iamiam OP : You mean you will put if it break 366?
iamiam OP BruceLin8 : i will wait for monday to see how it opens, but i would be leaning very bearish if it does that.
Mike Obama : fkn brutal
iamiam OP BruceLin8 : i'm bearish, i think this is a massive dead cat bounce. i will wait for monday to short. maybe start a tiny position near close.
Ben 23 : massive bear trap or bull trap? scratching my head.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
iamiam OP Ben 23 : I think bull trap. but we will see