QQQ is showing weakness in the rally and showing a bearish trend reversal
QQQ looks to have finished its 2 week long rally and looking to reverse course downward
Potentially buying a put position tomorrow anticipating more selling to come.
- 3 clear points show a downward trend forming
- EMA holds distance firmly below SMA
- Multiple hammer candles are rejected in todays trading causing more selling
QQQ looks to have finished its 2 week long rally and looking to reverse course downward
Potentially buying a put position tomorrow anticipating more selling to come.
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Related publications
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.