QQQ has sold off quite a bit over the past 2 weeks. We are now starting to see consolidation as selling pressure reduces
We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
- Horizontal support line starts to form after sell off
- Still within downward trading range
- Could be stock is taking a breather before more selling continues
- September and at times October are notably bad months of the year
We are seeing a settling right now, but we still are in a downtrend and the beginning of a historically bad month.
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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.