QQQ - Rising Wedge Breakout Short

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Idea for QQQ:
- Rising Wedge breakout to the downside, then obligatory re-test.
- QQQ Three Resistances Confluence (ATH, Ending Diagonal within an Ending Diagonal):


- Inner:


- ATH fake breakout can be seen as UTAD on Distribution.

GLHF
- DPT

٢٢ يونيو ٢٠٢١

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Bitcoin will lead down. Bitcoin is the techiest of tech:

٢٢ يونيو ٢٠٢١

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for EW:

٢٢ يونيو ٢٠٢١

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First drop incoming:

٢٢ يونيو ٢٠٢١

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Distribution Cycle:

٢٤ يونيو ٢٠٢١

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o/n RRP tightens systemic liquidity. RRP rates were a death blow to the bubble top rally. Cash reserves being sucked out of the system should widen the rates spread (OIS-LIBOR), and kill High Yield/Junk Bonds. NDX is just a HY derivative:


Any rallies now should be faded, barring dovish changes in monetary policy.

٢٩ يونيو ٢٠٢١

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NQ seems to be at or near a peak, drop here is 12700 with certainty:

١ يوليو ٢٠٢١

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HY just fell off: