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EvanMedeiros

Nasdaq 100 reclaims its May lows with positive moment divergence

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
EvanMedeiros  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Support and Resistance Supply and Demand Candlestick Analysis NASDAQ 100 CFD nasdaq100 squeeze Divergence rally
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supportandresistance supplyanddemand candlestick ndx100 nasdaq100 squeeze divergence rally
The Nasdaq 100 is one of many examples this week that saw a surge back over its May lows, with positive momentum divergence.

We're still in a primary downtrend, so nothing has changed from that perspective, however, with overall market sentiment in the dumps, squeezes like this can be quite extreme.



Evan Medeiros
Founder, Trade Risk
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