What a difference a day, or two can make. Both recent short trades, in the Q's and GOOGL, spiked higher against our positions on fleeting news and now both are both back down with solidly negative chart patterns. Frustrating, yes, that is the nature of this game we are playing. QQQ 30 Minute On this 30 minute chart, note today's opening elongated red bar, second from last on the chart above, which incorporates the knee-jerk pump that MU's earnings gave the nasdaq at today's Open. All of the gain was given back, and then some, before that red thirty-minute opening bar could close. That makes my preferred wave count above solidly in position for some massive gains over the next few weeks. We shall see. GOOGL 180 Minute GOOGL was added to the DJIA, replacing VZ, but even that "good news" hasn't lit much of a fire under the shares. Again, the preferred wave count is for lower prices ahead and possibly much lower by mid-July. Bitcoin Update See Charts of The Day, posted yesterday to the Blue Line Premium Service, where once again the preferred wave count is suggesting much lower prices for Bitcoin, IBIT and MSTR. Note: Move trailing stop to +220% and unless trailing stop is hit, plan on holding into July 17th expiration. MSTR 2-Day From June 18th Into The Close trade. Although five waves can now be counted as complete, lower prices are still indicated. Keep stop at 50% trailing as per the table. MSTR - Longer Term Chart of Interest Not to be pumping a competing service, but this longer-term outlook suggests my EW count above is in play.
