Mar. 7 at 3:06 AM
$QQQ Scenarios assuming QQQ is going to reverse next week
-> Qs at a confluence -> Monday could be a red start ->
$VIX closed at ~30
-> Positives:
$IGV in momentum
-> Neutral:
$MAGS -> close to support level, 59
-> Negatives:
$SOXX -> needs to establish support soon, else others need to carry the wt.
This made QQQ look good overall in comparison to SPY, IWM and SOXX ->
Ratio charts (QQQ/SPY; SMH/IGV; QQQ/IWM) will follow