Pyrat82

CQQQ Bottom of Channel

Long
Pyrat82 Updated   
AMEX:CQQQ   Invesco China Technology ETF
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
Comment:
Correction down to $40 looks possible now.
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