After a volatile week, 
QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment.
However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the Flag at $192.89, we could see prices move higher. If it fails to do so however, we could see more selling.
Watch this space over the next few trading sessions.
QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment.However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the Flag at $192.89, we could see prices move higher. If it fails to do so however, we could see more selling.
Watch this space over the next few trading sessions.
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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.
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.