Potential Pull back for the QQQs
With the pundits calling H1 to be uncertain with the backdrop of interest rates and recently missed earnings from a tech giant, these are potential pull backs for NNQ in various bearish pull back scenarios each visiting critical moving average support.
Revisit SMA 100 @ 14,000 with a -15% pull back in Jun-22
Revisit SMA 150 @ 12,500 with a -25% pull back in Jul-22
Revisit SMA 200 @ 11,000 with a -35% pull back in Aug-22 (less likely scenario)
Pure analysis, no position and not investment advice.
Revisit SMA 100 @ 14,000 with a -15% pull back in Jun-22
Revisit SMA 150 @ 12,500 with a -25% pull back in Jul-22
Revisit SMA 200 @ 11,000 with a -35% pull back in Aug-22 (less likely scenario)
Pure analysis, no position and not investment advice.
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