Warning Signs for $QQQ, $ADBE Bottom Unconfirmed, $PLTR Rally Looks Like a Trap
@PeterDiCarlo:
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 sho