The Ultimate Oscillator is showing weakness and a bearish divergence on the QQQ daily. It will take more bulls with good buying pressure to lift it up. Apple is currently consolidating which makes up a good part of this sector. There is no trade yet as the Q's have not broken trend but this sector that has shown strength is getting weaker.and something to keep an eye on.
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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.