QQQ Bear reversal? ~Next two months targets for pullbacks
I took the short a yesterday morning at the near top of rally point since we hit almost 10% rally and in past bear market reversals we would see frequent 10% rallies, then selloffs for the during of the down move until a more sustained rally into a bull trap.
I see a potential near term QQQ drop to retest desecending wedge breakout and gap fill. In such a volatile market I will find it very hard to believe gaps will not be re-filled and tested.
I see a potential near term QQQ drop to retest desecending wedge breakout and gap fill. In such a volatile market I will find it very hard to believe gaps will not be re-filled and tested.
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Disclaimer
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.