Nathan_Black

QQQ: BULLSEYE! Gap filled. What's next?

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
• QQQ hit our target, as it filled our gap at $268.50 (red line);
• We set this target on our previous public study on QQQ, on Dec 15 (link below this analysis);
• QQQ acted according to the technique so far, and there’s no clear bottom sign on it yet;
• If QQQ actually loses the red line, the next technical target is the next bottom at $259.08;
• Only if we see a good bullish reaction, and QQQ stays above the support at the red line, we might see a bounce on it. In this case, the 21 ema is the next technical resistance;
• Either way, QQQ looks interesting. I’ll keep you updated.

Remember to follow me to keep in touch with my daily analyses!

🔴 Only 5% of traders manage to beat the market.
👉 Join the 5%: thefinancehydra.com/

💲💲 Project 5%: + 104%
🔹 S&P500: +35%

💪 Public track record.
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.