Ah, the QQQ. Why's it up here? No one knows.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Looking at earnings : price ratio and adjusting for inflation, we are far overvalued. Sure, we can keep going, but odds say we need a pullback. Break 400, it could be decent. If we hold 400 and rebound to 408 surpassing that back into 410, be ready to close shorts dependent on your risk-tolerance.
MACD turning negative, RSI overbought and turning down hard.
Comment:
:) so far, so good
Order cancelled:
double take