Powerful selloff! $QQQ $NAS100
After such a powerful sell off I see it hitting some fib resistance, and also potentially bouncing back into that downward trend. This selloff still appears oversold on the TA front, obviously we know the macro narrative warrants the drop - however this was very steep in the tech heavy Nas. Would expect a bit of a bounce before the selloff continues on.
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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.