$QQQ TOP 20
Added 2023-08-15 14:19:11 +0000 UTCRemember where we are in the market, just more than half way through this correction, for weeks we have been saying that this is coming and even while we are in the correction, we said that this will continue until the end of the month......but I see some members are surprised by this.
On the chart, the 50 Day MA on the daily has been lost and has been retested from below and looks to be rejecting here today so this is not a good sign, it will likely continue down lower and to our EXPECTED level at $353.
Remember, this is only a Wave 4 pull back.....an ABC reversal due at the end of the year is a lot worse. So how you handle these types of pull backs now should be an indication of how you will handle a larger reversal. You need to be prepared.
Comments
What are your thoughts on playing reversal using SQQQ?
my investing
2023-08-16 05:20:36 +0000 UTCYes I will have everyone prepared for this over the next coming weeks/months
Gareth Neary
2023-08-15 14:41:30 +0000 UTCWould be grateful to know how you intend to handle the EOY reversal. Presumably reduce your stocks in favour of cash, but what % would be really helpful for me, and doubtless others too.
Steve Cullip
2023-08-15 14:28:35 +0000 UTC
