Invesco QQQ Trust, Series 1
Short
Updated

QQQs Still trending down, consolidating

178
I see this moving downward, but price moves are squeezing smaller indicating a bigger move coming.
Broke 282.50 support twice this week, but closed above with a gradual healthy rise to end the day.
Lower highs each day.

If we don't break pattern, Monday looks like...
snapshot

*NOT FINANICAL ADVICE - NOT A FINANCIAL ADVISOR*
Note
This looks like a topping candle, also indicating down on a daily chart.
snapshot
Note
Blew through 282, now down to 274 or further. snapshot
Still on RED trend line down.
Note
We sliced through the 270 support like it was nothing. Next stop around 260. Target in Sight, but still several days away. Election could change things around. Hoping for a Nice resume Upward trend soon, but not holding my breath for it , it could be as long as February. snapshot

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.