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JonathanKrier

QQQ: Beware of possible trap

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
JonathanKrier Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Harmonic Patterns Technical Indicators
5
6
trendanalysis harmonicpatterns indicator
The Volume is drying up, and this intermediate wedge looks like its going to fulfill to the downside. The summer break is also in a couple of weeks, beware of heavy selling into June.

Note: Strategy is long only.
Comment:
if you're looking to take the inverse positions, $SQQQ is a good instrument to trade. but as a near term ETP, remember that you are paying for the implied decay of the underlying futures contracts that make up this products.

Good luck!
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