hobo4000

IXIC/QQQ Testing Limits

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Just an update on my tracking of the IXIC/ QQQ . Tested the downward trend line yesterday and failed. Showing a bit of weakness in the RSI , but a bull crossover in the Stoch , while the MACD is basically useless for now. Trading right around the mean on the BB. Doesn't seem like it knows what it wants to do yet. There's a potential for more downside while it trends further down where I believe it will retest the recent bottom at $300 on the Qs before bouncing back up or breaking down completely. Trade smart, we're not out of the woods yet.

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