$QQQ Short Term Rally Ahead?
Most “wave” theorists would tell us that markets (stocks) move in, on average three major waves. If that is the case, we have had two major moves down on the QQQ. Both in the 90-point range with one rally of about fifty points (all moves intraday low to high). Could we be in for a Bear Market rally of around forty-five points ( ½ the move down on each leg)? If so, we could see a move back to around 325 which is about a 15% move and then another ninety points drop to finish this move? This is not a prediction in any shape, form, or fashion. Just ideas.
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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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