The claim
“QQQ's big rounding top signals distribution, pointing lower with a break of the 20-week MA needed for confirmation.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTOn record
it looks lower
Why
We have a really big topping tail... I'm sorry, a big rounded top
What would flip this
if we can break through to the downside, that would clear any ambiguity and we should be lower
The structured call
Direction
Bearish
Catalyst
—
Target
—
The receipt
Publish-day price $$684.23 · the claim is anchored to the moment it was said.