QQQ Possible Head and Shoulders

Jun 1, 2021

Not confirmed, obviously, but the possibility is there. In tandem with the BTC chart (they've been correlating), things could get quite red all around.

Jun 4, 2021

Note

Looks like a shoulder is on its way but we'll have to see. So damn big. On this big of a chart, every candle feels like a century.

I want to see it under $326 consistently before I start believing in ghosts.

I'm calling anything in the range of $331-$333 inconclusive for now.

I wish I hadn't been right about the H&S this March, then I wouldn't be so worried that I have confirmation bias ;)

No. I don't regret it. That was a nice chunk of cash.

Hope this trade works out. Has the potential to be a biggie.

Jun 5, 2021

Note

Gaps got filled.

Inverse market reaction to catalysts continues (poor labor data = equities go up?)

Next week will tell the tale of this thesis.

$337+ means H&S is a trash idea.

Need to see some sub $330' days to make this viable.

Have a good weekend.

Jun 7, 2021

Note

BTC and other crypto just got shorted and tanked down to critical price which could indicate a big drop this week or next. NADAQ has been trading in sympathy with BTC. Not good for this chart if that continues.

Jun 8, 2021

Note

BTC price no longer correlating with NASDAQ. Interesting...

Jun 8, 2021

Note

Not looking good for H&S but I am very curious how the rest of this week plays out.

Jun 9, 2021

Note

Invalidated.

Higher highs or triple top?..

Jun 16, 2021

Note

Triple top? Next week will tell.