Technical Buyers Wiped Out Now What

Subscriber Update Nov6 2025

Good evening MTR readers, we thought we would keep this quote up here from our earlier post, with a few more words of encouragement,

NOBODY IS COMING TO SAVE YOU, You want to improve your lot, change your mindset, know that you will succeed, just don’t think you will, KNOW THY WILL!

Once you realize you are responsible for all of your actions, then you become accountable, then you can align your incentives in a way that you can achieve something greater than what you presently have.

We warned of a technical bounce veracity test, well we got it alright and the QQQ ETF was pounded today!

A close down here by end of day tomorrow and we will target the 590 area for a test next week.

The Nasdaq futures are also topping out and rolling over and getting dangerously close to our Bull/Bear Pivot:

We suspect fast money and CTA trend followers will start to come in on the short side below our pivot level there and will watch closely how the reaction is to 24930 area.

As we near year end we suspect the markets to exhibit large moves like this up and down as accounts figure out what their strategies will look like for Q1. Everyone no doubt will be trying to assess the tax selling that may occur come first of the year and book profits and possibly reevaluate allocations.

The SP500 vs Nasdaq futures spread is also confirming that the longer term support area is seeing a diversification perhaps out of the Nasdaq and into other underperforming names or into cash, or maybe even Berkshire:

A couple of other charts confirming tech stock selling and rolling over are META and Microsoft. We see no reason META doesn’t retrace and test 480 again:

We warned in our Halloween post that Microsoft looked ripe for a Batman Mask type of topping formation, I guess we weren’t the only ones watching. Below $500 is bearish for us here:

Ok that is all we will say for now, we highly recommend that you become a subscriber and enjoy our global macro viewpoints and also consider becoming a Founding Member to enjoy our added bonus incentives that comes with our Founding Member Digital Strategy Membership. We look to showcase to our Founders our ability to navigate the digital space and reward them back with discretionary rewards. Its our way to showcase the power of decentralization and the future of finance.

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