TradingView
ArcadiaTrading
Mar 17, 2023 10:50 PM

XLF Triple Bottom Support for SPY Bulls, QQQ Daily Bull Flag,  Long

Invesco QQQ Trust, Series 1NASDAQ

Description

- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY

- QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore QQQ is still in a bull flag zone.

- if XLF starts bouncing and changing trends i am likely going to swing some short term bull positions in the leverage 3x SPXL TQQQ TNA

More