Holiday weekend, so don't expect much today. But it looks like we're having the same pattern as in Q4 '18. Also note that QQQ still hasn't broken it's wedge. ***Let's talk about it...***
I doubt the price decline will be anything as linear as this, but generally that's the direction we're going (super bearish). All-in-all well done, great analysis
Slade104
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I couldn't agree with you more! Look at the setup on the Russell 2000...that is what I have been shorting since we had the huge run in June. They can't buy stock back and half of them don't even make money!
UnknownUnicorn3260912
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Nice theory. What would be the catalyst for the potential drop?
PartTimeGenius
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@winstonhsu, Too many things to point at, but mainly watch Hong-Kong and Trump. Tariffs go live on Sunday (this shouldn't be news really, but neither should "We're talking", yet here we are). Also, sometimes the conditions are right for a reason and we will only know what it is when it happens.
UnknownUnicorn3260912
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@PartTimeGenius, You should the same TL from back from the Oct to Dec 2018 dump with Momentum indicator....similar TL