If the previous leading diagonal is accurate, QQQ is currently in my target zone. It was Just shy of the 78% retracement today, but in supply. If last Tuesday (11/25) was a really quick wave B then QQQ also hit A = C in the last hour of trading today and closed below it. SPY went over A=C and closed on it.
Also have bearish divergence. Time wise, we are at 61.8% of the leading diagonal.
The last 3 Thursdays before Thanksgiving were all down days, lets see if we get a repeat tomorrow!
Also have bearish divergence. Time wise, we are at 61.8% of the leading diagonal.
The last 3 Thursdays before Thanksgiving were all down days, lets see if we get a repeat tomorrow!
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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.