Both gaps have been filled (almost). Is the selloff done for now or is it going to continue?
If it is going back up, then QQQ could face another dilemma, a possible Head & Shoulder…
I’m waiting for more movement before taking a side.
Yesterday VXX made a intra-day H&S; the right shoulder did not materialize, so selling was expected to continue. Today VXX right shoulder on a longer timeframe showed up; everything now is possible. I'm sitting aside to see which way the market is going to take; maybe it wont be before tomorrow or later. Keep an eye on this right shoulder.