QQQ Short-Medium Term Paths
QQQ just broke below its uptrend from the August low, it did break once before but that lasted less than a day below. This looks bearish to me, expecting a move down to the previous ATH around $503 and then back to where the election gap was if that doesn't hold.
The most important level for longer term will be the trendline below from November 2023, seems bad if that breaks. If it can reclaim the trend from the August low instead it should set the stage for another new ATH soon after.
The most important level for longer term will be the trendline below from November 2023, seems bad if that breaks. If it can reclaim the trend from the August low instead it should set the stage for another new ATH soon after.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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