play4trade
Short

$QQQ... loosing it's SERIOUS momentum... Distribution in process

NASDAQ:QQQ   POWERSHARES QQQ TRUST
111 4 1
Tech's led way for most part in this market rally this summer... Especially $AAPL             ... but they all seem to have started bearish progression, which is when momentum slows down and allows for distribution to take over... to prepare to take market down... This is overall healthy, but important to recognize... Overall larger time frames look very bullish , so they can delay distribution and squeeze higher, but failing to progress higher at this point. Pay attention to the untested levels as they will see first touch bounces as we head down to 97.11 and possibly 96.33
elcololp
2 years ago
you are good my friend.... where are you from?
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play4trade
2 years ago
Thanks... USA...
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ttmarok
2 years ago
Good insight into QQQ. thanks
Reply
play4trade ttmarok
2 years ago
No problem
Reply
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