Invesco QQQ Trust, Series 1Updated Will QQQ hold support?
QQQ testing the long term channel for support after breakout. Holiday are low volume and a usually a time for the market to climb some without any selling pressure. If I had to guess, then I would say we generally move sideway and up through the end of December. When the traders are back in full for in January will tell us if this rally continues or it has been a big pump and dump for the incoming Trump administration and its new policies.
Trade active
Trade closed: target reached
Still above the channel but losing the 20 day SMA. I fell like another leg down is coming. I was took some more profit yesterday. Lets see what happens next week.
Note
Note
Test of support today. Let's see if it holds this week or we lose it and get another leg down.
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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.