Technical analysis by Nicklaus68 about Symbol QQQX: Sell recommendation (9/11/2024)
https://sahmeto.com/message/3721156

Nicklaus68
Rank: 9955
Analytical Power:
1.4

I'm seeing Wyckoff Distribution Patterns on lots of index and mega cap charts, including QQQ J225 & MSFT. It seems pretty obvious that the next bear market is about to start, between Sept Trip Witch and March Trip Witch. I have no association with Trading Coach, just borrowing their graphic for example.Similar pattern in J225QQQ 500+333/2=416.5 midpoint level to watch416.5 would be bear trend neutral in the 333-666 range, with 500 being neutral. If it fails 416.5, bear trend will continue; if not possible buying opportunity.
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Signal Type: Sell
Time Frame:
1 dayPrice at Publish Time:
$456.09