Our Live Trading Rooms Bring Together Thousands of Traders from Around the World!
Monthly QQQ Update:Apart from fundamental analysis, spin, and hype about the efficacy of AI use cases, funding, eventual revenues, and, yes, profitability, the Monthly Technical Setup in QQQ is warning us that, atop a 37% upmove from the March 2026 low, a 93% advance from the April 2023 low, and a 200% bull move from the October 2022 low, the price structure hit an ALL Time New High at 762.86 in October 2026, and during the same month, rolled over into a bout of weakness that left behind a MONTHLY Bearish Engulfing Candle!.
Eight minutes out.That is how far the sun sits from us, measured in light. Light covers 186,000 miles every second and nothing gets here faster, yet the trip still takes a little over eight minutes. Whatever is lighting up your morning left the sun before you ever saw it.A headline works about the same way. It shines on the screen and we take it for the event, but that light left minutes, hours, or even days before, out of the crowd’s sentiment. The screen is only where it landed.This week it landed as an election result.
This has been quite the bull market. We have seen VERY shallow retracement over these last several years and the bulls have pushed these markets to extremes which I was not able to foresee back in 2020 when we began looking much higher at the Covid lows. At the time, my maximum expectation was around the 6000SPX region from the 2200SPX lows.Needless to say, all good things must come to an end.
Our Technical Analysts Share Their Expertise 24/7 on a Vast Range of Markets!
