Ok, this time we have two charts,
One is for QQQQ and another for S&P.
One is for QQQQ and another for S&P.As you can see the QQQQ pressures are not at the extreme, but S&P are close to the extreme. What does this mean?. It means that we can expect markets to go either way, but should prefer the bearish side due to the "extreme sell" being almost at hand for S&P. This should be fortified with the idea that QQQQ seems, all of a sudden, to be not leading! Ha... S&P new top! QQQQ not? That is new from last summer is not it. OK tune in we will try to lead you into the day.
Do not forget the sell pressure extreme, can/may take 1-4 days to dissipate.
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