TradingView
themarketzone
Jul 4, 2017 7:40 AM

Things aren't looking good... 

Invesco QQQ Trust, Series 1NASDAQ

Description

QQQ recently broke below a daily uptrend line
QQQ was rejected by the broken trend line when it tested it from below (breakdown confirmation)
QQQ closed below 2 MA lines
Potential Head and Shoulders if forming.

What do you think?

Comment

Next resistance - Double top (or maybe new record high) and a re-test of broken trend line
More