QQQ Trendline still holds🤷‍♂️ for now
But resistance is right there.
will need to drop below 359.25 tomorrow and close below there for a definite reversal conformation.
Bearish technicals
Rising wedge is obvious
selling pressure increasing
RSI took a nose dive
MACD - death cross.
Bullish technicals
Holding trendline
Holding above 8,13,21 EMA
Growth has been up for 8weeks or since june. If there is a rotation into value this could tank hard. I noticed a slight rotation into Value stocks today; temporary? lets see
will need to drop below 359.25 tomorrow and close below there for a definite reversal conformation.
Bearish technicals
Rising wedge is obvious
selling pressure increasing
RSI took a nose dive
MACD - death cross.
Bullish technicals
Holding trendline
Holding above 8,13,21 EMA
Growth has been up for 8weeks or since june. If there is a rotation into value this could tank hard. I noticed a slight rotation into Value stocks today; temporary? lets see
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.