synthius03
Short

QQQ rejected by KJ Line on 4hr

NASDAQ:QQQ   INVESCO QQQ TRUST, SERIES 1
QQQ             is not a safe buy here. We have a bearish normal TK             cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX at 43. Both are indications that the bears are still in control. We bounced today and will most likely fall tomorrow to create the 2 of a possible 123 rebound. I will not be stepping in here to buy until we get a bullish cross on the 4 hour TK             . I am short until then.
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