QQQ – The Great Fall

QQQ-The Great Fall

The QQQ hit an all-time high at $187.53 in October, 2018. The index is compromised of large-cap technology stocks. The largest holdings in the index are Amazon, Apple, Facebook, and Google.

Thesis: The sector is overvalued here and has a high-risk of government regulation over data and privacy issues.

The QQQ remains a strong sell. Terminal Cycle Sequence target is $120.

Option Trade: 15 MAR 19 155 PUT – 1.03

Option Trade Goal: Double

QQQ has completed Cycle Wave 1 & 2 down.

Cycle Wave 1 & 2:

Cycle Wave 3 is to begin now.

Please review my previous QQQ analysis here:

Will update.

– The Humble Watcher