This is a requested forecast of QQQ and it looks just like SPX, See my SPX forecast for how I called the previous moves to add to this info. -->
My guess is it will test 175-176.64 area and start to head back down 170.62. I would watch for momentum strength but I am eye balling 164.61 area but it could reach 161 area, Like the SPX it has clearly lost its trend and is making moves downward. Good luck out there, trade safe. NOT FINANCIAL ADVICE.
My guess is it will test 175-176.64 area and start to head back down 170.62. I would watch for momentum strength but I am eye balling 164.61 area but it could reach 161 area, Like the SPX it has clearly lost its trend and is making moves downward. Good luck out there, trade safe. NOT FINANCIAL ADVICE.
Comment:
Looks like QQQ tested 182.65, far above my call. No worries, just means you made more money right? haha. Now QQQ looks like its heading down to (176.64) line and could bounce and retest 182.65 afterwards. Just keep an eye out for support. The SPX is acting pretty spooky right now despite having lost long term trend. TRADE SAFE/NOT FINANCIAL ADVICE.
