QQQ continues correction to $257
Revisiting a previous idea that kept finding resistance at $267, which was finally cleared today.
After retracing today's move a bit, next week QQQ looks to continue correcting to its next target $257, which is a strong support and 61.8% of the Corona rally since March.
Stop is a strong and convincing move above the previous $267 resistance.
After retracing today's move a bit, next week QQQ looks to continue correcting to its next target $257, which is a strong support and 61.8% of the Corona rally since March.
Stop is a strong and convincing move above the previous $267 resistance.
Trade active
QQQ making expected progress towards $257. I expect it to hit target tomorrow.Trade closed manually
Looks like a new wave down is setting up. I post the new setup soon and close this out.Hope you took profits at $260 with me.
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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.