QQQ Forecast

Things are going to continue to wander down tomorrow after that surprise by China with their currency. Lets look at the chart:

Today there i

s a continuation candle and this shows that it will be more of the same tomorrow.

For the last two days my market forecasts have been turned on their ear due to news events. When I forecast the market, any big news will alter the natural flow of the market as the indicators have been displaying. Kinda like going to a basketball game and suddenly everyone has to evacuate the stadium due to a sudden piece of news. Its sudden and grabs everyones attention.

So seeing there is no big news tomorrow, I would expect a bit sideways down.

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