Hi everyone. Last week I favored a move down, but mentioned that if we do move up again, I think we will have a follow through week or two. I still think the top is in, and that we are in the middle of a bear market.
Above is the weekly chart of QQQ.
Above is the weekly chart of MU. MU has bounced back up to the 40 level, which is now acting as resistance. It seems like we will retest 35 again.
Today’s post was short because I’ve been spending 4 hours a day on my business plan and recipe testing, so yeah. And school is getting busy before Thanksgiving break so… I’ll see you all next week!