MasteringCS

QQQ broke double head pattern, bulls seems to be taking control

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Interesting move on Friday 9th. After reaching a double head pattern, where the volume market profile showed possible retracements to point 1 or 2, the market actually moved the opposite way, generating a positive gap and breaking the double head resistance. The positive trend seems to be gaining strength again. After the big retracement in February, we are seeing a first pivot (higher low and higher high). It seems a little late to enter into a long position for a medium-long run, but there are still no clear signals for going short either. We need to be very alert and see how the market behaves this coming week.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.