N0tSwift

QQQ - Which Way Now?

Long
N0tSwift Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Could go either way. I'm playing the upside.
The drop overnight at 7am seems like market manipulation to kill Call Options and Stop Losses

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Comment:
This reads as an inverse Head & Shoulders to me with 314 as the neckline.
Indicators pointing UP
Comment:
The 2 month long slide has formed a bullish wedge, but I remain unconvinced.
Watching for a break out above 320, or down below 302 for confirmed direction.
If we break below 302, we'll likely drop to the bottom of the 2008-2020 channel around 232. US10Y rates continue to rise with a 2.92+% target
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