All of the recently highlighted bearish technical patterns in QQQ & the leading FAAMG stocks have now broken down, giving the first decent sell signal on the Nasdaq 100 in a while. The charts of QQQ, AAPL, GOOG, GOOGL, MSFT, AMZN, FB & IWM are covered in that order. Video duration is less than 11 minutes & well worth watching IMO.
Also worth noting is that along with the breakdown in QQQ & the leading FAAMG stocks, we also have bearish engulfing candlesticks forming on SMH & SOXX (semiconductor sector ETFs) so far today. As such, this is the best shorting opp. that I’ve seen on QQQ in some time, especially if the Q’s close at or below current levels (142.20 as I type) & follow through to the downside on Monday.