NQ/QQQ Weekly Level (Dec 27-30)

Just a quick post of the NQ. Still watching the small channel within the larger down trend channel. the bottom touches are important. If recent lows do not hold a trip to the Oct 13th low is possible. Below that we are looking at potential move all the way to the 2020 peak. Expect thin trading and unexpected moves. Not a bad time to take a break from trading and focus on resetting for the new year.

Comment:

Could not regain the channel so move to Oct 13th low is likely. Below that look for support come in at the lower trendline then 2020 peak.