Market squashes buyers

We arrive at the probable peak of the 20 week cycle on US stocks and it is bleak

Waking up today, TSLA 0.00%↑ and others are facing overnight selling and the chances of a tactical rally being over early, are very high. I cant see the market rallying further from here into next week, and a probable failure of the latest 20 day cycle on QQQ 0.00%↑ is brewing . Today’s prices on Nasdaq can be seen as a line in the sand for buyers to liquidate below. That would mean the 40 day cycle is terminated by price, and sellers will respond at lower prices taking Nasdaq down to previous weekly support from here.

Earnings being over: risk for a downside move

Late 20 week cycle, expect failures to occur.

Shorts entering market, watch for:

UVXY 0.00%↑ for volume, going green

QQQ 0.00%↑ below $316.00

TSLA 0.00%↑ below today’s overnight low, next week

Anything with a high share price if the market turns down hard

Derek

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