FibMarketWatch

QQQ-The Great Fall-Fibonacci/Wave Analysis

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FibMarketWatch ที่อัปเดต:   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ is a strong sell.

Thesis: QQQ has completed a 5 Wave Cycle and will now begin the correction phase. Big Tech is immensely overvalued here.

QQQ's chart has setup an irregular correction which occurs after a 5 Wave Cycle. Irregular Corrections have a phenomenon called 'Double Retracement'. The first retrace is the extension of the 5th Wave and the second is the whole 5th wave sequence.

The first retracement usually covers only that portion of the fifth wave that went beyond a normal fifth wave. We can also compute where the irregular top will likely occur by doing the same calculations we would use for a zigzag.

Irregular corrections can also occur after a normal fifth wave. The only difference is we need not get the full second retracement of the fifth wave as is common with an extended fifth wave.

The first move after the end of wave 5 would be a three wave affair (Check) and is labeled as Wave A. The Wave B that follows will also be in three sub waves but the price will exceed the top of Wave 5 (Check). Thereafter, we will get a normal Wave C made up of five sub waves (Happening Now).

Wave A - 3 (Completed)

Wave B - 3 (Completed)

Wave C -5 (Underway)

Facebook = MySpace?

Can Facebook be replicated?
Can Twitter be replicated?
Can Google be replicated?

Yes.

Also, data privacy and misuse story is only beginning...

Another important clue that you can keep in mind is this. Compute the time and distance traveled by both the waves 2 and 4 of the lower degree. Then, your zigzag correction will be bigger in size and take longer time than the bigger of waves 2 and 4. For example, suppose wave 2 traveled 50 pips and took 3 hours, whereas wave 4 traveled 25 pips and took 5 hours. In this case, your zigzag correction will take more than 5 hours and will travel more than 50 pips.





Will update.

-AB

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Another Catalyst that will fuel this sell off is money flow into crypto and blockchain.
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The rate of technological change is now exceeding our ability to adapt

In the space of one decade, we are dealing with change that previously had taken a generation to adapt to. Friedman thinks we will be okay and I agree. Harnessed properly, that exponential change will hold the answers to many of our big problems, including our belated action on climate change.

We are now living through the “age of accelerations” underpinned by those converging technological advances put in motion a decade ago. The pace of change (speed) and rate of change (exponential) are in many cases exceeding our capacity to cope with change.

www.noted.co.nz/tech...ur-ability-to-adapt/
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Wave 5 is almost complete
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Need a ABC Correction then we will begin the higher Wave 2 which will retrace back to near the high

After, Wave 3 will ensue which is expected to be extremely violent move down.
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Double Retrace is in Play
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1st Retrace Wipes out the Extension of the 5th Wave
2nd Retrace correction the WHOLE 5th Wave
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corrects*
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Orange = 5th Wave Sequence
1 - Normal
3 - Normal
5 - Extended
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QQQ Wave 1 should be bottoming now...
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Correction over...

Wave 5 imminent...
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Watch for the reversal at .618 & .786
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Hit Target Perfectly...

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Buckle up...

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Wave C time est. 308 days.
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QQQ Cycle 1 Wave:

1-Normal
3-Extened
5-Extended
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Poetential Bottoms:

$110

$55
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What if instead of a 'hack' it was more of a 'pay to play' scheme...

What if Big Tech granted the Chinese Access to its servers...
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The Fall is imminent....

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New Facebook: Internal Facebook documents released by a U.K. parliamentary committee offer the clearest evidence yet that the social network has used its enormous trove of user data as a competitive weapon, often in ways designed to keep its users in the dark.
Parliament’s media committee accused Facebook on Wednesday of cutting special deals with some app developers to give them more access to data, while icing out others that it viewed as potential rivals.
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Current Wave Count...

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Fib Spiral Target...

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We are setup to fall this morning...
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$124.12 would trigger an extending 3rd Wave if broke....
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Still in Cycle Wave 3...

Still in Primary Wave 3...
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Immediate Targets are $143.00 to $137.16
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AT&T said Thursday that it will stop selling its customers' location data to third-party service providers after a report this week said the information was winding up in the wrong hands.

The announcement follows sharp demands by federal lawmakers for an investigation into the alleged misuse of data, which came to light when Motherboard revealed a complex chain of unauthorized information sharing that ended with a bounty hunter successfully tracking down a reporter's device.

AT&T had already suspended its data-sharing agreements with a number of so-called "location aggregators" last year in light of a congressional probe finding that some of Verizon's location data was being misused by prison officials to spy on innocent Americans. AT&T also said at the time that it would be maintaining those of its agreements that provided clear consumer benefits, such as location sharing for roadside assistance services.

But AT&T's announcement Thursday goes much further, pledging to terminate all of the remaining deals it had - even the ones that it said were actively helpful.
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Cycle Wave 3 has formed a Bearish Leading Diagonal...
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Primary Wave 4 Correction was Irregular.

The B Wave Formed a Horizontal Triangle...

Irregular Corrections in the 4th Wave position imply an extended 5th Wave
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Sub-Wave Sequence sets are 5-3-5...

5-3-5 sets are called a Leading Diagonal...

They Lean in the direction of the major trend.
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Near-Term Target = $149-$142
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