Updating the QQQ hourly chart we observed last week, the head and shoulders top (purple lines) on this timeframe appears to be confirming today, barring another stick save by the bulls this afternoon.
Intraday bounces should likely fail at the downsloping neckline (light blue line).
Indeed, the price action in GILD IBB NFLX all point to Nasdaq weakness which could only now be getting started as the pattern is in the first day of confirming lower.
Bulls are looking for closes back over $89 and $91 to spring another vicious bear trap. The sheer distribution in the tape this time and relative lack of panic has me thinking otherwise, though.
________________________________________________________
Love that pic!!! Can’t even focus on what you’re saying in the post.
Stay focused, Badboy.
don’t hesitate to send me an invite next time that party starts chess
Swedish nightclub. You down?
YES, I am down to file for citizenship, wow
The one with the sunglasses is classic Raul.
I am in as well. Hangover Sweden. Lets go today, so I can just ignore the market until we come back and its higher haha.
she can’t take her eyes off of them either
You know it’s a real party when purdy from Deliverance shows up.
Hot pussy for sure.
Alternate title for post: Pictured is the only intraday bounce you’re going to get.
Hahahah..
very good, purdy
Looks like a Sensation White Party. Too bad all I’m seeing today is red.
That wasn’t flour that flew up your nose, it’s my special blend of X, Coke, and K. You should be ok in several hours.
hey..if any of you gentlemen via iBC blog’s get an e~mail from sooz***@yahoo shoot it off to spam~o~rama.
I’ve had the same acct for 15+ years and last week(not sure when exactly?) my acct was ‘Hacked’.
Man oh man, I Despise Thieves and Hackers.
🙁