SPY & QQQ look like a 2022-style bear market
QQQ is now in full correction mode, but the weekly market bias is still 🟢 and holding.
We saw a similar sell-off back in August, and it held.
People keep asking when I’d flip short—it’s only when bias fully breaks and structure shifts.
Until then, we’re still buying dips into bias. If it flips, we go full bearish and short every pop instead.
Look at Jan 2022 - Jan 2023 for reference.
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2. $SPDR S&P 500 ETF Trust(SPY)$
If the weekly market bias closes 🔴, we’re looking at a 2022-style bear market.
In 🟢 markets, we buy the dips at market bias. But once that bias flips 🔴, like in 2022, we short every pop into it.
People are calling this a crash, but we haven’t even seen the start of a real bear market yet.
For now, bias is still bullish—this is just a correction.
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