QQQ Topping Out After ATH

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ looks like it may be due for a pullback after 5 consecutive ATHs. The RSI is back well in the overbought range, and many gaps below may look to be filled. Much like we saw at the end of December, a strong rally needs quick pullbacks to maintain its health. A pullback to $413 and retest the breakout wouldn't be the worst thing in the world. Hedging longs with some $SQQQ.


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