QQQ - Headed Down
QQQ confirming we should be seeing a broader market pullback.
Price breaking pattern at correct time.
Price is reaching down towards 10WeekMA. If we cross red zigzag, this should confirm continued downtrend to white support.
May be best to secure some profits at 10WeekMA, as QQQ looks to lag after the initial drop.
RSI and Filter Dots confirm downturn started. We should see this for the remainder of the week IMO.
I am not active in QQQ. The chart reflects Short because of the current price pattern prediction analysis.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
Price breaking pattern at correct time.
Price is reaching down towards 10WeekMA. If we cross red zigzag, this should confirm continued downtrend to white support.
May be best to secure some profits at 10WeekMA, as QQQ looks to lag after the initial drop.
RSI and Filter Dots confirm downturn started. We should see this for the remainder of the week IMO.
I am not active in QQQ. The chart reflects Short because of the current price pattern prediction analysis.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
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.