QQQ will fill its gapThe QQQ has experienced a substantial decline in value over the past few months. Despite the market consistently forming lower highs, it is noteworthy that robust counter-reactions are occurring with similar frequency.
With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents an attractive Risk-Reward Ratio (RRR) of 3.7:1.
