Big Picture Inflection Point In QQQ

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The markets have been unfolding according to the cycles predicted with unique precision of the Square of 9 Wheel.

It has been a fortune making tool this year…as it was predicting the Covid Crash of 2020.

Marquee tech names crashed in the aftermath of the March 1st square-out.

See square of 9 here showing SPY all-time 394-395 high is 1 full rev or square up from the 320 September 24 low.

As well, the 320 and 395 are square the September 2 peak, which is opposite March 1, which proved to be a false spike.

The March 1 100 point one-day wonder spike was orchestrated to allow a graceful exit.

As you know, however, fast moves come from false moves. The price action since Monday’s spike left the market doing a Wylie E. Coyote lookalike contest.

A daily QQQ shows a trajectory to the 303 region, which is opposite the February 16 high on my Square of 9 Wheel and ties to 180 degrees down in price from the all-time 338 Feb 16 high.

As you can see, there is some good symmetry in the 303 region as it ties to the important September 2 peak.

We could see a short term low this week, ideally if the Q’s kiss the 303 Tunnel Target.

It would be nice to see a drop to 303ish followed by a reversal.

Checking a weekly QQQ shows that it closed just below a large trend channel yesterday.

As well, the Q’s turned their important 3 Week Chart down yesterday for the first time since mid-September and mid-October.

Notice both instances perpetuated large rallies.

So the behavior here will be critical to gauge.

We could see a knee-jerk bounce respecting the turn down of the 3 Week Chart, but direct continuation to the downside following this turndown opens the door to lower prices.

Likewise, a rally attempt followed by breakage back below Wednesday’s 3 Week Chart low is a Time Turn Trend sell signal.

In sum, the Q’s are perched on their 20 week m.a. and the bottom of a trend channel in league with a turn down in the key 3 Week Chart.

To say this is an inflection point is an understatement.

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