The first entry, QQQ, is exactly how I would expect it to start: How it will end, that is a different table. Updated Charts The QQQ charts below tell the story. The market is starting to show the relentless decline characteristics of an expected Wave 3 down. Within that downtrend there are and will continue to be numerous counter-trend price moves upward. Note especially the first chart, the QQQ 15 minute trend model, that allows for a move up from lower channel line to upper channel line, oscillating above and below the declining mid-point (dashed line): QQQ Hourly Trade management is similar to what we did in 2020 when TSLA ran up 1000%. Bank some profits every time rolling up into a new expiration and/or strike. Remember that I expect a Wave 3 to include one or more "Limit Down" days where circuit breakers halt panic selling, at least temporarily. QQQ Daily Timing is tricky as to when the big Wave 3 will reach its ultimate target, an intermediate term low sometime this summer which should lead to a more substantial rally, of weeks, if not months. For now and as is illustrated on the these charts, the trend is down...hard down with an expected dive to 250-220.
