The QQQ Sell Signals from early January are finally paying off validating going out to Feb 18th with new options positions. The expectation from those same signals is for much lower prices across all market indexes, albeit the path will not be in a straight line down. Counter-trend rallies lasting from hours to days will be interspersed with the dominant downtrend. Ironically, watching the market too closely is injurious to positive returns. Price has confirmed the bearish pattern on a macro level, and the Fibonacci extension tool is projecting support levels well below current prices. Attention and respect will be given to those lower levels, looking for price consolidation and/or triggering of counter-trend reversals. QQQ Daily Hourly SQQQ Daily UVXY Daily Bitcoin Daily Bitcoin remains an enigma. Still holding BITO puts.
