Seen this one before, but the weekly QQQ chart has a nasty bearish divergence with RSI. I would expect a correction down near the 200-period MA line as before. Liquidity crisis 2.0. Not sure what will trigger it. Maybe just buyers running out of steam and money to borrow. Maybe some political thing. Who knows. My impression right now is a bunch of rich boomers think there will be a vaccine in the fall and everything will be back to normal, which is just stupid.
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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.