frodo75

Has it peaked already?

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Updated the giant Butterfly harmonic painting over Qqq. Has it seen its best price? The harmonic becomes invalid when C races over A.

As I mentioned in SPY idea also, when the SMA changes direction, it pulls the market towards it for a test. Qqq has been the strongest amongst the indexes but is due a test of the SMA50 that turned up a while ago.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.