Q's might be making a diamond

tarmarder

On 15 min or 30 min chart, Q's might be making a diamond.  If true, the down side target will be around 33.70.   However, the markets never listen to me for a while.  We'll see.

tarmarder

Q's are outside BB on daily chart, and potential diamond on 15 or 30 min, the odds favor bears.  Bulls do not lose much going to 33.70.  We might range bound between 34.80 to 35.10 for a while then break out.  But which direction?  Place your bet.

For me, I'll graduatually buy QID for new highs on Q's to hedge my GLD.

tarmarder

False break up of the diamond this morning.  Target 33.70 or below is still valid.  Short the bounce today.