Better late than never I suppose. Been busy this week with visitors from America. The risk window this week stretches from today, Wednesday May 22nd, thru Friday the 24th, a bit wide with the highest reading today.
Last week's Tuesday risk window caught a low and Thursdays caught the first high in a double top of some degree with the Monday the 20th one catching the second part, not too shabby.
The QQQ low volume top indicator that I posted about is screaming sell once again. Maybe this time it will work, but given NVDA's earning out after the close, I can't imagine that there won't be an index rally tomorrow of some sort for at least a while, but at some point NVDA's crazy money making machine is going to foment some serious competition which I'm sure is working 24/7 on their own AI chip design. When that alternative comes to light, NVDA's going to hit a stop bridging air pocket as big as that flight to Singapore, but of course I suppose the brave can still make hay while the sun shines as long as they keep their seat belt fastened.
Regards,
Douglas
Edited by Douglas, 22 May 2024 - 04:07 PM.