$QQQ /$NDX - NASDAQ - Caution is warranted here
As you can see the NASDAQ has respected the regression lines for quite awhile now. Once it gets to the upper regression line it pulls back and / or moves sideways and when nearing the bottom reverses and moves up. I'd suggest not getting heavy into 
QQQ stocks at this time. Of course it can break the regression line and move higher and out but I'd take that as a real warning that we are closer to at least a mild correction. I'm not bearish here, just cautious.
QQQ stocks at this time. Of course it can break the regression line and move higher and out but I'd take that as a real warning that we are closer to at least a mild correction. I'm not bearish here, just cautious.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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