QQQ breaks below Mar2020 trendline & Cloud
I warned in a post yesterday that the Nasdaq correction is not over yet. Big drop yesterday.
Last few days we saw QQQ seesawing the dma20 lower & lower (see yellow candles) until it drops & struggles inside the cloud but failed.
Next support likely at 350 & 340 & may trade horizontally for a while.
Not trading advice
Last few days we saw QQQ seesawing the dma20 lower & lower (see yellow candles) until it drops & struggles inside the cloud but failed.
Next support likely at 350 & 340 & may trade horizontally for a while.
Not trading advice
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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.
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.