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marketfellow

Breakdown Follow-Through (QQQ)

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
marketfellow  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
Technology-focus index Nasdaq or Nasdaq-100 (QQQ) has been in trouble in 2022.
- Initial breakdown at 382 was fatal and a warning for the coming downtrend
- Breakdown follow-through will occur around 348 after the convergence process
- Falling below 348 will open the door for another sell-off until reaching rebound or support at 300 as shown
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