POSSIBLE QQQ CORRECTIONS
This chart shows the next two major congestion bands on the Q's.
More than likely one of them will stop the fall. But which one? About 20% or 30%?
Hard to tell from the chart and possibly the FED's actions will ultimately control this.
But Powell is no Volker...About 1982 Volker raised rates until the Long Bond yielded about 18%.
That put quietus to stocks and housing bull markets.
Remains to be seen...
More than likely one of them will stop the fall. But which one? About 20% or 30%?
Hard to tell from the chart and possibly the FED's actions will ultimately control this.
But Powell is no Volker...About 1982 Volker raised rates until the Long Bond yielded about 18%.
That put quietus to stocks and housing bull markets.
Remains to be seen...
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