QQQ on the EXACT fence

Will we go up 25% or down 25%? Those are the only options. Either the shorts cover and we get a totally crazy rush to the previously failed fib level or we give up and crash into the red area. That red area? That is the all time Nasdaq channel created by the low of 2008-9 crash. We have officially left that zone for months, but come back to retest it. We spent a lot of time above it. We already retested it before and broke away from it on thinner volume. My belief is we should not have slowed down and come to balance right on this retest. I think this is selling exhaustion. It's worth a long order with a fairly tight stop because if we burst off this line we're going up for a long while after that. Corporate greed is king, and we live in a time where record 2021 profits will continue to allow record pace buybacks and insider buying. This is going to contribute to continued price exploration to the top side into 2023, possibly 2024. IMO. this is a crazy time people, we're seeing capitalism without any breaks just masterbate itself into the stratosphere.