QQQ Weekly Chart. Very similar structure and price action to the run up and subsequent bear market of 2022. Plan is to sell into strength and possibly look for longs off deep support levels. If this scenario unfolds it will require adaptability and will present difficult trading scenarios that will punish hesitation and chasing. Great opportunities for long term investors off deep support levels such as 200 SMA on higher timeframes. A pull back to 450 would be the first target and the 21 EMA on the Monthly chart and the 89 EMA on the Weekly. Look for possible put options 7-21 DTE.
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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.