#QQQ #NASDAQ #NDX

I'm not saying makes sense
Indeed, this is crazy
But you have a full bull trend on the daily
Above 100 DMA

Big money is going to buy the dip
Not financial advice
You know what rallies hard?

A hated rally.
As of 11:25 AM Eastern Standard Time
#QQQ is testing 5 DMA at around 319.20
Bulls are trying to defend.

We will see if support holds.
If it holds, very bullish
If it doesn't, it could test 313.6 (100 DMA)

#NASDAQ #NDX
#QQQ defended the 5 DMA on a full daily bull trend as of 12:19 PM Eastern Standard Time, in the face of that job report as a strong negative catalyst.

This is a possible sign of irrational euphoria to come.
Keep watching price action.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Canton Cat, MD, PhD (real). Market Watcher. Meow.

Canton Cat, MD, PhD (real). Market Watcher. Meow. Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @cryptocantoncat

Aug 6
1/
The US market's rigged.
It'll go way higher until the entire United States collapse.
You're better off being a perma-bull than a perma-bear.

#SPX #NDX #IWM #BTC #ETH 🧵
2/
They have forced liquidity into bonds and equities since the 70’s.

1971 - Nixon took us off gold standard, forcing money to flow into bonds and equities

1978 - 401K was created. Companies no longer offer pension, forcing workers to invest in volatile market for retirement Image
3/
Because our assets and retirements are tied to the market, and because of rising national debt from irresponsible spending, we have no choice but to print money to prop up the system and keep us happy, while reducing rate to slow down national debt from going out of control. Image
Read 17 tweets
May 19
I've been saying this since March 2022.

#Bitcoin has been following the small cap indexes such as #IWM and #Russell2000 very closely since September 2021.
They are the first ones to get hit.

Large caps #SPX #QQQ got hit later.

🧵/1

That remains true all the way to today.

#SPX correction is lagging behind and is playing catch-up with correction.

When influencers ask why #Bitcoin is holding better than #SPX and #NDX #NASDAQ, this is why.

🧵/2
Small caps are way oversold at ridiculously low valuation historically. A P/E of 12! Are you kidding me?

If small caps #IWM and #Bitcoin are correlated, and if #IWM valuation will normalize back to higher valuation, #BTC rises.

🧵/3
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(