Home > heikin-ashi > Don’t trust the coming rally $QQQ $SPX $DIA | #markets #trendfollowing #trading #investing #heikinashi

Don’t trust the coming rally $QQQ $SPX $DIA | #markets #trendfollowing #trading #investing #heikinashi

March 7, 2021

The most important question in trading is “How much are you ready to lose?”

Once you get the answer, things become clearer and everything falls into places.

SP-500  ($SPX) daily

  • (+) haDelta prints a positive weak signal.
  • (-)  Broken rising wedge
  • (-)  Below the buy-stop @3,908

 

SP-500  ($SPX) weekly

  • (+) The uptrend remains intact (higher highs, higher lows).
  • (-)  haDelta is still negative.

 

SP-500  ($SPX) monthly

  • (++) Still 19% to the trailing-stop.
  • (!)     Weaker uptrend (the size of the Heikin-Ashi candles + haDelta).

 

QQQ Tech ETF  ($QQQ) daily

  • (+) Weak haDelta positive signal.
  • (-)  Broken uptrend channel.

 

 

QQQ Tech ETF  ($QQQ) weekly

  • (! !) Resting on the trailing-stop.
  • (!+) Possible haDelta reversal.

 

QQQ Tech ETF  ($QQQ) monthly

  • (+) 17% to the trailing stop.
  • (-)   Negative divergence.
  • (-)   Negative haDelta signal.
  • (-)   The Heikin-Ashi candle points to a trend reversal and confirms haDelta.

 

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