Despite the bearish move in QQQ today, I still think there's another move higher.
I think it's likely that we go and retest the ATHs at $538 (so another 5% or so up) and then we find resistance there and start one last move down to $318-$383.
Only after we see another leg down, do we see new highs. Marked off support levels to the downside.
Invalidation of the idea would be flipping $538 as support.
I think it's likely that we go and retest the ATHs at $538 (so another 5% or so up) and then we find resistance there and start one last move down to $318-$383.
Only after we see another leg down, do we see new highs. Marked off support levels to the downside.
Invalidation of the idea would be flipping $538 as support.
Order cancelled
Welp all bullishness cancelled. We go to the lows now.Disclaimer
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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.