QQQ looking for a slow crawl down vs rapid gap down monday. we are relatively oversold in the short term. For as long as the 4 hr downtrend line & downtrend VWAPs hold as resistance, my bias will be to further downside. Next support should be found 523-513.
QQQ why is it that this POS comes so close to filling gaps & never does? gap at $533.66 and $524.29. Neither filled. Both within spitting distance before hitting a U turn.
QQQ Less confident about ATH now but I do think we could see a retest of the trend line today ($531) and an upthrust to $537 next week. Went long again in the demand zone and will close by EOD. tradingview.com/x/Dj2d4Ono