Look Out for Bull Trap!
Looking at weekly QQQ: In the last recession, after confirming it via Sep 2 EMA crossing, we saw within 2 months of that crossing a very nice bull rally week. But it's a trap! We can see it was a trap by waiting for the week to play out & notice that BBPower was very weak, as shown via yellow circles.
The bulls now are fatigued from the bears & want to get over this recession already, but make sure you confirm bull momentum is there before going back in, whether you are getting out of shorting via SQQQ or going long with TQQQ. We recently confirmed this recession from the Jun 6 EMA crossing, so be patient.
The bulls now are fatigued from the bears & want to get over this recession already, but make sure you confirm bull momentum is there before going back in, whether you are getting out of shorting via SQQQ or going long with TQQQ. We recently confirmed this recession from the Jun 6 EMA crossing, so be patient.
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