QQQ has been above the line all April… now weakening just a bit...
Surprising that semis aren’t helping more, what with the global shortages.
I don’t remember Cobra’s rule: support fails at 4th touch. [posted today by trades w 2 cats], but I’ll go with it until price says otherwise.
15min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
If 4116 doe not hold then "buckle up Buttercup". Because there are a lot of poor profiles down below. However this was not supposed to get serious until next week or a bit later due to options pining.
If Coinbase was not what they were expecting added to Audi introducing their new electric line up then the push up in Tesla could potentially be over. Knew they were in trouble when Elon diverted with the game playing monkey.
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Large range to me. Market clearly rejected the low at 4100 Tuesday before the open. Not so clearly rejected the new highs today . Set up in in place for a higher high followed by a possible big drop next week. Ay least that is a common view on the internet. Personally I have to follow Cobra when he says bears have to prove themselves.
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