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marketfellow

Classic Breakdwon, Sell-off, and Downtrend - (QQQ)

Short
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
marketfellow  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Chart Patterns Trend Analysis
4
0
chartpattern trendanalysis
  • Classic bearish head-and-shoulder setup after about +100% gains in a year
    Neckline broke with high volume
    50 DMA broken
    Lack of support due to straight-up rally
    The next potential support is 200 DMA.
    Stronger rebound and support is at 250
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