Today's breakdown below the one-month sideways trading range in QQQ is exactly what I have been looking for: Impulsive selling on high volume following a solid break below the 116 level. There is no such thing as a 0% failure rate on sell signals but this one is about as good as it gets, especially considering all the bearish developments in place leading up to today's breakdown. Today's sell-off has already wiped out over one month of trades (candles) as well as taking QQQ back down below the 2015 highs (i.e.- the recent breakout has failed with a potential bull trap scenario now in play).
Sell Signal On US Stock Market About as Good As It Gets
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