I expect a DCB (dead-cat bounce) on QQQ soon, but not sure when. Watch RSI 22.
$119.69 is my eventual target, the start of the Trump pump.
Notice very strong RSI/price bearish divergence.
I'm more heavily short QQQ because of inflated P/Es and greater runup before this crash. However, I think QQQs fundamentally have better long-term earnings prospects because they will cannibalize earnings of non-tech sector in various ways, off-setting any recession, so be careful.
$119.69 is my eventual target, the start of the Trump pump.
Notice very strong RSI/price bearish divergence.
I'm more heavily short QQQ because of inflated P/Es and greater runup before this crash. However, I think QQQs fundamentally have better long-term earnings prospects because they will cannibalize earnings of non-tech sector in various ways, off-setting any recession, so be careful.
