QQQ outside of the multiyear trendline...awaiting reversal Short

Invesco QQQ Trust, Series 1NASDAQ

Description

⋅ Jul 8, 2020 7:13 PM

QQQ ahead of itself.. outside the upside trendline & Bollinger band stretched. Divergence on RSI weekly. Need to revert to the mean/average. Correct -10% in the next 3-4 weeks.

Comments

DaddySawbucks

⋅ Jul 12, 2020 2:30 AM

Highest above 200MDA ever here, a real bubble

eagle_5365

⋅ Jul 13, 2020 9:07 PM

@DaddySawbucks, yeah totally agreed. lets see how it plays out in the next few weeks.