Ah, the QQQ. Why's it up here? No one knows.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Note
:) so far, so goodOrder cancelled
double take
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.