TradersForecast

QQQ bullish (pitchfork analysis)

Long
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
My earlier pitchfork based related idea on QQQ's fall was correct. Now QQQ reached again the lower red line of the pitchfork and is expected to bounce back up. There is also a chance that it will first go down to the next blue pitchfork line befoce bouncing up but I'd assess that chance to be small.
Trade active:
QQQ went all the way to the bottom red line, I think the only way is up now. You can see that if you click the play button (triangle) on the chart or in the screenshot below):

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.