angelbaetrades

$QQQ on 1Hr Analysis for 10/10/22

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
** $QQQ on 1Hr Continued Analysis for 10/10/22 **

“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.

**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail.
Pivot points to examine and be aware of are $267.10 and $268.84.**
$QQQ falling back to $267.10 and bouncing is what i'll be looking for.

What are your thoughts?
Comment Below!

Thanks,
Kelly :)

Kelly @angelbaetrades
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