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Invesco QQQ Trust, Series 1

$QQQ Looks to Be in a Do or Die Area

53
QQQ For a bull case, I need to see this get above both the horizontal area of resistance and the downtrend line on this 65 minute chart.

It looks like it could be forming yet another bear flag. All TBD. If it breaks the flag down, I would expect another leg lower.

So what we have here is a case of do or die. Hope this helps
Note
It needs to put in a higher low as well.
jaxdog
Also on:
Chart PatternsTechnical IndicatorsIWMQQQSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsTechnical IndicatorsIWMQQQSPDR S&P 500 ETF (SPY) Trend Analysis
jaxdog
Also on:

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.