Warning Signs for $QQQ, $ADBE Bottom Unconfirmed, $PLTR Rally Looks Like a Trap

PeterDiCarlo
03-07

Warning signals are emerging across several major tech names.

$QQQ is showing macro-timeframe strength deterioration that historically precedes a 5–12% correction, $ADBE is seeing early buying but still lacks a confirmed long-term bottom, and $PLTR’s latest rally is raising concerns of a potential bull trap rather than a sustainable breakout.

1. $Invesco QQQ(QQQ)$

Price compression + a red Monthly BX is not strength.

It means strength is being removed on the macro timeframe.

Our long term model removed its bullish outlook last month.

I hope I’m wrong.

But historically this setup leads to a 5% to 12% correction 82% of the time.

2. $Adobe(ADBE)$

I’ve been stalking an $ADBE bottom for a year.

We’re seeing short‑term buying, but still no confirmed bottom in my system.

I’ll stay patient and wait for a proper THT Long Term Signal before I rotate serious capital in.

3. $Palantir Technologies Inc.(PLTR)$

I hope I’m wrong here, but this $PLTR move smells like a trap from a mile away.

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