NASDAQ-100 (QQQ) continues to pull-back as expected. Should see a little more downside to test the upper gap-line near $501 a share.
NASDAQ-100 (QQQ) Pull Back extends to 3.3% In-Line with Historical Trends Read Post »
There’s a distinct possibility that we could see a premature bottom to this pull-back. But even if that happens, we have even stronger evidence that a full-blown top is likely to occur no later than July and at around $560-$570 on the QQQ return the QQQ back to these levels.
6-Session consolidation continues in the market. However, history has shown that consolidations after big rallies are almost always signs that a near-term top is around the corner.
Market Continues Extended Consolidation That will Likely end in a Sharp Pull-Back Read Post »
The NASDAQ-100 (QQQ) reached an 80+ RSI (extremely overbought) on the hourly right near $520 a share indicating a near-term pull-back. The segmented rally analysis further confirms that forecast.
Moody’s downgraded U.S. credit rating on Friday after the close leading to anxiety all weekend. Yet, the market rally has shown incredible resilience reversing course and nearly pushing into the green intraday. Still, a pull-back is due nonetheless.
Market Down mildly after U.S. Debt Downgrade but More Downside Likely Ahead Read Post »
NASDAQ-100 & Nvidia look to cap a strong week. Signs point toward a small pull-back happening next week as everything has pushed into deeply overbought territory.
NASDAQ-100 Looking to Finish Strong 30+ point Week as it reaches overbought Hourly/Daily Read Post »
Market momentum continues and all-time highs are right around the corner. While the QQQ is overbought, it doesn’t show a signs of slowing down.
All-Time Highs are Coming sooner than Everyone Thinks; Near-Term Market is Overbought Read Post »
The march back to all-time highs continues. As we’ve mentioned, it WILL happen a lot sooner than people might expect. Can easily see ATH by next week.
The Parabolic Rally Back to All-Time Highs Continues w/ Near-Term Overbought at Extremes Read Post »
NASDAQ-100 (QQQ), Nvidia (NVDA) and others have finally pushed into deeply overbought territory signaling a near-term top is around the corner. Intermediate-term points to substantially higher prices though.
Market Finally reaches overbought Territory Signaling Near-Term Pull-Back Ahead Read Post »
Market looks set to gap way up above major resistance as the QQQ trades near $498 in the premarket. A strong close can signal the market’s intent to return to all-time highs.
Deep Green Futures Point to Significant Breakout in the Market on China Trade Deal Read Post »