Are You Ready For A Huge Selloff For The QQQ? Investors Should Be Wary Of These Clear Warning Signs!
Portfolio Pulse from David Keller
The article discusses potential warning signs of a significant selloff for the QQQ, with mega cap technology names like Apple Inc. (AAPL) and Microsoft Corp. (MSFT) showing bearish divergences. The author suggests that the market trend is currently down, with the Nasdaq 100 ETF already breaking down through a similar trendline. However, the author also notes that the S&P 500 index is still above a trendline using closing prices from October 2022 and March 2023, indicating that the primary trend is still higher. The author concludes by suggesting that investors should consider all possible future paths for stocks and be prepared for various scenarios.
August 21, 2023 | 6:22 pm
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Apple Inc. is showing bearish divergences, indicating potential for a selloff.
The article mentions that Apple Inc. is showing bearish divergences, which is a warning sign of a potential selloff. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft Corp. is showing bearish divergences, indicating potential for a selloff.
The article mentions that Microsoft Corp. is showing bearish divergences, which is a warning sign of a potential selloff. This could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80