aravindran1
Short

How far will this bounce go ??

NASDAQ:QQQ   INVESCO QQQ TRUST, SERIES 1
It' hard to narrow down exactly where the QQQ's could hit resistance, since the SPY/DIA are still above their pivots . But I have two tentative points. Either we test the 50 ema and sell or form a H&S pattern. Both scenarios will favour my bullish gold thesis. Although i prefer the former. (as GDX is at it last level of retracement before turning bearish .) The reason for this discrepancy, in IWM/QQQ and SPY/DIA is a result of investors rotating to safer dividend paying stocks especially in the oil and gas industries, and consumer staples . It a good place to put your money besides bonds, since they pay dividends. This is not a good sign for the broader market if investors are flocking to safer investments.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out