SHORT $QQQ Best option to PUT 187 indicators analysis
As we can see $QQQ broke down RSI trend and Money flow index MFI . but we can see positive divergence with Stochastic, bounce with RSI & MFI which mean may there is a bounce from current area 182-183 up to 187 .
187 Will be considered as stop-loss for short positions and confirming area for long positions which can be reached by tomorrow 16/5-17/5 after that i expected to continue down trend with final goals between 156-160 but it will take some time maybe up to mid of june . the recent bounce missed the volume which made it weak bounce and expected to continue down bearish trend at any time .. if closed above 187 for 2-3 days then this will be as confirmation for new up trend to get new all time high records..
for long term this is bullish pattern and the best entry will be above 155-156 ...
Gap at 171
187 Will be considered as stop-loss for short positions and confirming area for long positions which can be reached by tomorrow 16/5-17/5 after that i expected to continue down trend with final goals between 156-160 but it will take some time maybe up to mid of june . the recent bounce missed the volume which made it weak bounce and expected to continue down bearish trend at any time .. if closed above 187 for 2-3 days then this will be as confirmation for new up trend to get new all time high records..
for long term this is bullish pattern and the best entry will be above 155-156 ...
Gap at 171
Comment:
updates from 183.3 to 177.4
