Indices & ETFs

[Jil]

@hanera

@Jil

Market maker may pull all indexes (recovery 50% of drop today) when scared investors are selling. In that case, Monday they will push down again 2.5%-3.5% and put a full stop finally. This had happened recently as given below.

Referring to QQQ: Behavior wise this scenario is likely. Wave a down look like completed and should start counter-trend UP but I don’t know how high it will go before the wave c DOWN resumes… also don’t know how low it will go down… but if it goes below $297, IMHO correction (10-20% decline from ATH) is in progress.

1. If your Kangaroo jump happens today, the jump above yesterday drop, then assume market recovered.

2. If not, they are cheating common investors…

Simple reason for Kangaroo jump: Market makers wants to buy bulk at deep low price when others are confused.

This is not a financial advice. Sharing for entertainment purpose only.