QQQ - Which Way Now?
Could go either way. I'm playing the upside.
The drop overnight at 7am seems like market manipulation to kill Call Options and Stop Losses
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The drop overnight at 7am seems like market manipulation to kill Call Options and Stop Losses
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Note
This reads as an inverse Head & Shoulders to me with 314 as the neckline.Indicators pointing UP
Note
The 2 month long slide has formed a bullish wedge, but I remain unconvinced. Watching for a break out above 320, or down below 302 for confirmed direction.
If we break below 302, we'll likely drop to the bottom of the 2008-2020 channel around 232. US10Y rates continue to rise with a 2.92+% target
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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.