“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.
**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail. Pivot points to examine and be aware of are $267.10 and $268.84.** QQQ falling back to $267.10 and bouncing is what i'll be looking for.
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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.