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dogshanked

QQQ - expecting downturn prior to July Fed rate announcement

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
dogshanked  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart Patterns
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chartpattern
SNAP had earnings on Friday, and the market didn't like what it saw. The QQQ is about to have a MACD crossover on the 3h chart. I'm anticipating further falls in the run-up to the Fed meeting.

This could retrace to the fib level at 299, but next key support is at the liquidation zone around 295.
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