Result of Aug 26:
Not a great day yesterday for the market. Market generally down, as predicted. If people SHORT the market after the 1st rally. You should be able to generate 15-20% on 39-Sept PUT.
Aug 27:
3 netutals, 1 slightly down and 3 up. Crazily mixed signal. Very hard to predict but still trying. I will use other methods addition to the indicators I had.
Prediction:
QQQQ, trying to break support level at 40.00, reverse at 40.15, .16, .10. Rebound forces are weaker each time.
Aug 24: 40.12 -> 40.73
Aug 25: 40.27 -> 40.46
Aug 26: 40.24 -> 40.57
Aug 26: 40.10 -> 40.38
QQQQ will revisit 40.00 again today, watch for break below 40.00 in the short term.
SPY, same type of analysis, but watch for 102.5 short term support level.