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Buildabear
Apr 4, 2023 2:56 PM

NASDQ losing momentum Short

Invesco QQQ Trust, Series 1NASDAQ

Description

Reaching the top of the volume shelf profile and weekly expected move. VIX 2hr and 4hr changing momentum on MACD to bullish for VIX while QQQ is turning to negative momentum. 320 on QQQ seems to be a resistance level that will hold. Expecting a pull back in preparation for the March CPI print with a large rally a few days before as we have seen at the previous CPI prints.
Not financial advice just my personal thoughts
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