I'm not an expert on the topic of trading or investing. BUT if you ask me, in my humble opinion, I think the market could bleed a lit bit more. At the end of the day the market does what it wants. I Would like to see the qqq at the $247.~ level or lower; specially, after closing for the third time in a row below the 200 MA (M) re-testing it and failing to break it. Nice long upper from last week's candle and a good bearish candle last week.
Nice to see the qqq chop around the gray area, and then breaking it and take a direction.
Any idea of the market sentiment?
"This is only my personal opinion. I am not a trading/finance adviser.”
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.