QQQ is testing a trendline that has held since late August now. Small rejection so far, we may bounce shortly and end up breaking out above. If not, I'd expect a big failure here. I think this will determine direction for the next few days at least. If bears can't hold it here, there's not much stopping us from squeezing back up to 486.
I still favor downside for now, but we're getting close to the point where I can't be bearish anymore, at least in the shorter term. Should be interesting.
I still favor downside for now, but we're getting close to the point where I can't be bearish anymore, at least in the shorter term. Should be interesting.
You reap what you sow.
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VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
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.