yup may be the finger on the qqqs
i believe the deflationary wave happens in 22 after this top fo wave 3 in the broad market. but its always a possibility it happens now. not what i think but the market could care less what i think
i happen to think that the the resistance was 1833 . friday was the full moon and eclipse, i was looking for that to mark the high , which we have so far. i think this pullback will be the time to load up for the next wave higher. i have support @1813 . the start of this price cycle is 1793 . i would not like to see the market break back into the last price cycle!@1773. this sector is volatile, so far this is all very normal. we need some more time to see how it plays out . tomorrow is options expiration. last i looked there were signifcant open interest @1850 strike so now they have made that irrelevant which is what happens miraculously at every options expiration. well biden renewed powell. no surprise there. he makes more trading , then in salary . after all he has no inside information. its a mystery to him what the fed is going to do. !?