Nasdaq rolling over on momentum weakness

E-mini nasdaq NQ(H21)

Huge down day today!

I expect my target price to be hit tomorrow. Another big down day tomorrow!

SDOW and SQQQ. Been saying it for a week or so now. The roll over is coming. Is it a pull back, or a full on longer time collapse. It doesn't have to elevator it's butt down to the floor.


I'm looking for a few things:

1. Where does it stop? I'm watching the DOW chart for this. If it's a short drop, it could be the greatest inverse head and shoulders we've ever seen, DOW to 40k then. IF it completes the megaphone pattern, it's game over possibly. Gaps back to 19k negate an inverse head and shoulder.

2. How fast does it occur? Are there gaps, or no gaps. 2001, 2008, 2020 March, which one was NOT like the others? There are gaps all the way back to 19k on the DOW, similar with Bitcoin, similar with S&P, same with Nasdaq.

We're currently at 12,788. So That's 2.5% lower. If that's all that won't be so bad. I hope they do it tonight, then let it rip.

Something I've found to be usually true in the market is that it never bottoms on a Friday. We'll see.

Last Edited by vEyeSea on 02/25/2021 05:06 PM