SWRLS

QQQ Falling Out of Channel on Quad Witching Day

Short
SWRLS Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ is down over 1% today and falling out of the channel it's been in since October. It's quad witching today so could not be a coincidence that the market might be changing phases. An obvious spot for support would be the 50 EMA down between $425-$427.
Comment:
QQQ fighting back. Bulls and bears pretty even here.

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.