QQQ forms horizontal support line
QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces
We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
- Horizontal support line starts to form after sell off
- Still within downward trading range
- Could be stock is taking a breather before more selling continues
- September and at times October are notably bad months of the year
We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
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