NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ closed at 309.25. QQQ showed more weakness on Friday comapred to SPX. It's more likely that QQQ can continue down at this level. QQQ underneath 308 will break beneath both fib and trendline supports. QQQ seems set to be testing larger timeframe lows at 293. It's possible though if the market can find significant buy-side momentum that QQQ recovers from a slight overshoot through support and bounces here this week. QQQ needs to be able to bounce this week to end up recovering bullish potential.
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