Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
$Qqq 2 scenarios going into next 1 is bullish and the other bearish but both require a pullback first...
Bullish scenario -
Qqq pulls back to 707-710 to form a inverted H&S then rockets upback to ATH..
Bearish scenario - H&S brewing on a bigger scale and we never break back above 726.
Fomc next week will get the final say so.
Too risky to swing calls below 725... The deal with Iran will be discussed this weekend and can influence the open
TRUMP ON TRUTH SOCIAL:
THE TERMS THAT IRAN LEAKED OUT TO THE FAKE NEWS HAVE NOTHING TO DO WITH THE TERMS THAT WERE AGREED TO, IN WRITING. WHAT THEY SAID, INCLUDING THEIR WEAK AND PATHETIC STATEMENT ON HAVING A DEAL, BEARS NO RELATION TO THE TRUTH. VERY DISHONORABLE PEOPLE TO DEAL WITH. WITH THEM, THERE IS NO SUCH THING AS DEALING IN GOOD FAITH. AMAZING! ALSO, THEIR TOTALLY REBUFFED DRONE ATTACK LAST NIGHT AGAINST INDIAN SHIPS LEAVING THE HORMUZ STRAIT IS TOTALLY UNACCEPTABLE. THEY BETTER GET THEIR ACT TOGETHER, AND FAST! PRESIDENT DONALD J. TRUMP
$Smh chips..as you can see 612 is a wall...
Market won't go higher without chips .
$Spy and $Qqq sold off as soon as 612 tagged
https://t.co/fqmYpMPmw6
$Qqq
Over 718 tomorrow and they will push this to 724-726. Bulls are not out of the wood work until We CLOSE above 725 . Last 2 biggest sells came once that level was reached and breached..
A close above 726 and bears go back to hibernation
https://t.co/RZVrEUXYsD
710-717 is chop
@tinymisters It was suspicious... I think insiders knew about the deal.... But to be honest, the hourly RSI on Qqq and NQ was showing bullish divergence so there was a warning
Alright guys.. that was a vicious pop...
Looking at things
$Qqq stuck under 5min 200sma
$Dji stuck under daily 20sma..
This biggest pusher is $Qqq.. if you are a bear you want to see it reject there..
I only like calls above 710..
BREAKING: Iran directly rejects Trump's new claim that he reached an agreement to "cancel tonight's strikes" on Iran as "baseless," saying no agreement has been approved at all, and all of Trump's words should be disregarded like all his previous "38 times" deal-imminent announcements over two months, per Tasnim.
A senior Israeli official also tells Channel 12 they are "not aware of any agreement being reached," per N12.