I just went over again looking at futures. NQ RSI is screaming way overbought the market is. I spent hours looking at the charts where I went wrong. Even PCE results came last Friday with 0.6%, beating expectations.
Not long right now need to cool off here, then observe again if this was the bottom or just a relief bounce. Earning was the reason the market was pumping. I'm loaded on SQQQ no way this creates a higher high. Expect some sideway trading this week till Wednesday because CPI is on Thursday, August 10, 2022.
QQQqqqforecastTrend Analysis

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