The ever tightening range between resistance and support on QQQ indicates we're due for a big change soon though.
Keep stop losses and target profits pretty tight, it turns quickly in ever shorter ranges.
70/30 we break DOWNWARD due to Macro Economic problems, but....a new $2+Trillion dollar stimulus, and we go UP on QQQ and TQQQ and DOWN on SQQQ .
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
SQQQ signs it'll go up, which means another drop to QQQ, and a move outside of trend.
When the trends get hosed up, hard to predict top and bottom.
Biden wins, stimulus drives the market up later (February), but evictions and foreclosures could mute any upward move at that point as CDC moratoriums on eviction end unless they're extended.
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