We are what looks like a perfect setup for an SQQQ rise which would mean a QQQ decline.
Currently it's been trading in a descending wedge and about to cross over on the daily MACD.
This is followed by low RSI and and some near term gaps that need to filled.
I think the question is how far does the NASDAQ have to decline again for these gaps to be filled?
Could have another small decline tomorrow or we could start a reversal next week... who really knows
Looks like a nice set up to possibly take advantage once there is a clear breakout.
That's all folks.
Currently it's been trading in a descending wedge and about to cross over on the daily MACD.
This is followed by low RSI and and some near term gaps that need to filled.
I think the question is how far does the NASDAQ have to decline again for these gaps to be filled?
Could have another small decline tomorrow or we could start a reversal next week... who really knows
Looks like a nice set up to possibly take advantage once there is a clear breakout.
That's all folks.