It was tempting to take a long position into the Thursday morning numbers. QQQ broke through the imaginary line at 312 yesterday. The low for 2021 is around 303.
A rising stock price is normal, so x day highs will generally be after x day lows, especially when x gets larger. A low after a high is unusual – man bites dog. Seems to mean nothing according to some analysis I did a year or so ago.
The FF5s signals are probably more important than the quatz signals here. My plan is to take on a little extra size today if weakness continues and x00 appears.
