$QQQ Potential Reversal
The 
QQQ has finally pulled back into the 50% retracement, which could potentially indicate a reversal coming. In addition, we see an ABC elliot correction wave that looks to be fully or nearly fully formed. If the 50% breaks to the downside i would anticipate a continued selling pressure. Good Luck!
The 50% has been important in the history of this index as well:
QQQ has finally pulled back into the 50% retracement, which could potentially indicate a reversal coming. In addition, we see an ABC elliot correction wave that looks to be fully or nearly fully formed. If the 50% breaks to the downside i would anticipate a continued selling pressure. Good Luck!The 50% has been important in the history of this index as well:
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