Fun Fact #52
There was a puppy stolen from Amazon on 5/4/2018. Read about this bizarre story here.
The FAANG stocks dropped about .5% today. My three week forecast is still bullish, although I’m not expecting a huge explosive move upwards.
Due to various reasons, I will be updating my blog on Tuesdays, Thursdays, and once on the weekends now. You can expect a post on Sunday this week.
The weekly chart of QQQ is above. As you can see, we are down a little bit this week. I think that QQQ has a better chance of moving up than moving down in the next few weeks. The QQQ may be forming a head and shoulders pattern with the shoulders at 170, and the head at 175. If this is the case, a strong impulsive close below 155 on the weekly chart would signal a lot of downside ahead.