Jump to content



Photo

looking at the qqq's they are not bullish


  • Please log in to reply
3 replies to this topic

#1 gannman

gannman

    Member

  • Traders-Talk User
  • 4,604 posts

Posted 04 July 2018 - 04:43 AM

we had a top at the solstice, 5 waves down and a 50 % bounce

 

 

to me it looks like we are heaing down to the 200 dma in the low 160's fwiw 


feeling mellow with the yellow metal


#2 tsharp

tsharp

    Member

  • Traders-Talk User
  • 942 posts

Posted 04 July 2018 - 08:16 AM

There are definitely some canaries in the mine that are giving us a warning about things to come...

 

Small caps are starting to show negative divergence against momentum...

 

QQQ is in the same boat.

 

RUT_W_7.3.18.jpg

 

Link to chart:  https://postimg.cc/image/jxfuml91l/

 

QQQ_W_7.3.18.jpg

 

Link to chart:  https://postimg.cc/image/4fscj77t5/


Edited by tsharp, 04 July 2018 - 08:17 AM.


#3 robo

robo

    Member

  • Traders-Talk User
  • 635 posts

Posted 04 July 2018 - 11:51 AM

we had a top at the solstice, 5 waves down and a 50 % bounce

 

 

to me it looks like we are heaing down to the 200 dma in the low 160's fwiw 

Traders are currently getting whipsawed in this sector.... Some traders get Bullish after a seeing a long green tail on a daily chart,  but lately a long red one is seen the next day. Don't know when that will change and no need to guess. I don't know about moving down to the 200 MA Brother, but the QQQs need to get back above the 10 MA and soon in my opinion.

 

I remain MT flat stocks, but day-trading both ways...

 


Edited by robo, 04 July 2018 - 11:52 AM.


#4 dowdeva

dowdeva

    Member

  • Traders-Talk User
  • 388 posts

Posted 07 July 2018 - 09:14 AM

Almost back to bank Hindenburg omens the whole last week of June on the Naz. This omen was almost infallible in 2017.