QQQ retest of 330 level, potential for consolidation/rejection
Updated
Like we have been talking about in past videos, the target to get to is 330, for a potential retest of the resistance zone and a turn to the downside. Targets on the downside are 270, but ultimately a decision will have to be made at the current level. Either we see a sharp turn back to the downside, and potentially seal the deal on a double top, or we continue to break through the 330 level, and delay a potential pullback to a later time. In either case, key events to look for will be stimulus and Q4 Earnings, which wrap up this week.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2021
Note
Positions Update: Staying long silver despite drop off today, considering it has been rallying for the past 3 days, not unwarranted. Staying long the yolo names and select small caps.
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