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November 11, 2020

PRUDENT INVESTORS PAY ATTENTION TO POTENTIAL TRIPLE TOP IN TECH STOCKS

To gain an edge, this is what you need to know today.

Potential Triple Top Concern

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

  • The chart shows a potential triple top.
  • The chart shows that yesterday on good news about the vaccine, Nasdaq was rejected right at the resistance line.  This is a negative.
  • The chart shows that yesterday after the rejection, Nasdaq closed near its lows. This is a negative.
  • The chart shows that Nasdaq is gapping down.  This is a negative.
  • Nasdaq is gapping down while Dow Jones Industrial Average (DJIA) futures are up 160 points.
… Please click here or the title below to read more.
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