In this weekly chart, we see QQQ, which represents the Nasdaq.
As we can see, it had a hell of a run up.
Too far too fast IMO, and it reached the stretch level at the Upper Medianline Parallel.
The natural move is now to let go, take a breath and trade down to center again, which is the Centerline.
After all the most major and most important earnings results are over, and Funds have pumped up their gains through manipulative Options plays, it's time to reap what they have planted and book the gains.
It's all in line with, all moves are at the point, and everything is showing in a simple chart.
Unless price is opening and closing outside of the U-MLH, it's time to load the Boat and sail to the South.
As we can see, it had a hell of a run up.
Too far too fast IMO, and it reached the stretch level at the Upper Medianline Parallel.
The natural move is now to let go, take a breath and trade down to center again, which is the Centerline.
After all the most major and most important earnings results are over, and Funds have pumped up their gains through manipulative Options plays, it's time to reap what they have planted and book the gains.
It's all in line with, all moves are at the point, and everything is showing in a simple chart.
Unless price is opening and closing outside of the U-MLH, it's time to load the Boat and sail to the South.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.