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Invesco QQQ Trust, Series 1
Long

Monthly Chart of QQQ and It Doesn't Look Too Good

By bigfry
After another tariff announcement by Trump a couple hours ago, QQQ looks to open well below 160 tomorrow morning. If we don't see a solid bounce and rally like on Wednesday this week, we will be closing below the weekly/monthly trend channel near 160. This is bearish. I still think we have juice for another move up and gap fill to 170, but making new highs will probably be hard unless earnings season is very good.

I blog weekdays at my blog here: bigfryfinancialmarkets.com
Trend Analysis
bigfry

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