QQQ looks like it may be due for a pullback after 5 consecutive ATHs. The RSI is back well in the overbought range, and many gaps below may look to be filled. Much like we saw at the end of December, a strong rally needs quick pullbacks to maintain its health. A pullback to $413 and retest the breakout wouldn't be the worst thing in the world. Hedging longs with some $SQQQ.
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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.