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marketfellow
Jun 24, 2020 4:52 PM

QQQ Doji Reversal Warning Signal Short

Invesco QQQ Trust, Series 1NASDAQ

Description

As we mentioned QQQ in late February (02/27) for breakdown warning, QQQ shows potential reversal with doji for warning signal today. Notice two uptrend channels composed strong 3-month rally. MSFT, AAPL, AMZN, GOOGL, FB took leadership roles. There are still strong but it should be noted when the trend line breaks around 235-240. Lack of support below could result in sharp drop.
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