Tuesday, May 30, 2023 6:25:50 PM
QQQ 3K Tick:
Some key ingredients for a rollover are present but whether it's enough for the rollover to come to fruition in the near term or not is TBD.
This next part is simple, maybe too simple, we'll see but the last time the pros were this active was 5/24 under $335. After a move to $350 in less than a week then it's a safe bet a lot of today's pro activity was profit-taking and most likely some shorting as well.
Yellow dot is bearish divergence.
Some key ingredients for a rollover are present but whether it's enough for the rollover to come to fruition in the near term or not is TBD.
This next part is simple, maybe too simple, we'll see but the last time the pros were this active was 5/24 under $335. After a move to $350 in less than a week then it's a safe bet a lot of today's pro activity was profit-taking and most likely some shorting as well.
Yellow dot is bearish divergence.
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