Longer term view on QQQ
With yields surging, its unlikely we can break out of the bearish neckline from the head and shoulders formation.
With FOMC and march opex looming, this is a good opportunity for the bears to return and send us down to the gap fill. Once that is done, this can signal the end of the correction phase and start of a bullish return to a summer run.
With FOMC and march opex looming, this is a good opportunity for the bears to return and send us down to the gap fill. Once that is done, this can signal the end of the correction phase and start of a bullish return to a summer run.
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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.