QQQ is accumulating bearish momentum just below that red trendline.
The RSI pattern indicates that if QQQ cannot close above that Red Trendline by Tuesday (Wednesday at the latest), prices could tumble over 400 points and reach the rising trendline near 299.
On the other hand, a breakout above the red trendline could target 324.13
Big decision coming. The key levels are shown on the chart.
The RSI pattern indicates that if QQQ cannot close above that Red Trendline by Tuesday (Wednesday at the latest), prices could tumble over 400 points and reach the rising trendline near 299.
On the other hand, a breakout above the red trendline could target 324.13
Big decision coming. The key levels are shown on the chart.