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Pennywick
Aug 11, 2020 2:49 PM

QQQ - Purple Diamond from recent consolidation  

Invesco QQQ Trust, Series 1NASDAQ

Description

I set and alert for the lower diamond channel boundary. Looking for a backtest and waterfall to 262.5 some time this week. Then a bounce and build a short term long position (barring any substantial negative news)
Comments
Stkmk
Think we’re set for a bounce now? Or going lower?
Pennywick
@Stkmk, nice call, we bounced back to QQQ’s hourly LBB - see what overnight does - theory is that we need to check in with the monthly UBB, which is 261.70 and will fall away if we drop more
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