This 120 minute QQQ charts says it all: Wave 4 is extending out, two weeks and counting: QQQ 120 Minute QQQ Wave 2 topped in mid-Feb, made an interim low around March 10th and have been working off the oversold conditions for almost two weeks. One or two more days seems about right before the next leg down begins. Nothing about the extended corrective action invalidates the downside projections for Wave 3, meaning the payoff for being patient is still ahead. First hard down close will be the beginning of a multi-week Wave 3 decline. Wait for it. SQQQ Apr Strikes Still the best bang for the buck for what is coming.
