QQQ will be down for a while.
Updated
QQQ will be down for a while.
1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection.
2. The recent rejection is made after two month of consolidation.
3. The up-trend line from March was broken today.
IMHO, seller is in control and bear trend will be for the short-term.
1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection.
2. The recent rejection is made after two month of consolidation.
3. The up-trend line from March was broken today.
IMHO, seller is in control and bear trend will be for the short-term.
Trade closed manually
Based on these two days price action. This setup is no longer good.
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