QQQ reaches 144 Fibonacci level at the high in June, 2017. First red flag for stock indices and tech stocks

QQQ reached the 144 fibonacci number at the high on June 9th, 2017. This is also at the Uranus planetary line and resistance.

As you probably already know, 144 is one of the master Fibonacci numbers.

(1 + 1 = 2. 1 + 2 = 3. 2 + 3 = 5. 3 + 5 = 8. 5 + 8 = 13. 8 + 13 = 21. 13 + 21 = 34. 21 + 34 = 55. 34 + 55 = 89. 55 + 89 = 144)

This is the first red flag for uptrend in tech stocks. Price would have to break out above 144 to turn more bullish again.

A break of 136.50 is the next sell signal.

This chart was created using Fibonacci/Galactic Trader

Good trading,

Ted

T.S. Phillips
www.AstroAdvisor.com