The time has come.
With the dxy ripping, the QQQ seems to have top and is forming a bearish head and shoulders. It is currently retesting the neckline, but with the RSI, volume and trend, I am expecting this to get soundly rejected.
RSI down, while implied volatility is going up.
Keep an eye on the vix and the dollar.
With the dxy ripping, the QQQ seems to have top and is forming a bearish head and shoulders. It is currently retesting the neckline, but with the RSI, volume and trend, I am expecting this to get soundly rejected.
RSI down, while implied volatility is going up.
Keep an eye on the vix and the dollar.
