Invesco QQQ Trust, Series 1Updated 3 Month QQQ chart reveals a channel
QQQ was rejected at the macro channel resistance. It begs the question: Is this more like 2000, or one of the recent V-shape recoveries? The others were near the bottom of the channel and this structure/candle looks a lot like 2000, imho. There's still 9 days left on the 3 month candle, tho. So a lot could change between now and then. I'll revisit this when the candle closes.
Note
I think we're in one of these two stages, or a mix of the two 
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.
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.