After another tariff announcement by Trump a couple hours ago, QQQ looks to open well below 160 tomorrow morning. If we don't see a solid bounce and rally like on Wednesday this week, we will be closing below the weekly/monthly trend channel near 160. This is bearish. I still think we have juice for another move up and gap fill to 170, but making new highs will probably be hard unless earnings season is very good.
I blog weekdays at my blog here: bigfryfinancialmarkets.com
I blog weekdays at my blog here: bigfryfinancialmarkets.com
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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.