QQQ right on the money, remaining under 330

523
We called it almost exactly at the top we saw around 330, and saw a decent reversal, supported by the reactions to earnings in the after hours. Next, we want to see a double top, retest of the 330 level, and rejection again to begin the leg to the downside. Expected target for the retracement is 270, I am not shorting, just waiting and watching to see what happens going into the weekend.

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Copyright Rohan Karunaratne 2021

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