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dorfmanmaster

QQQ supported by 20sma

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
dorfmanmaster  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Economic Cycles Chart Patterns Volume QQQ nasdaq100 megacap volumeanalysis technology
3
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economiccycle chartpattern volumestudies qqq nasdaq100 megacap volumeanalysis technology
We have seen the test of the 20sma, being bought back with strong volume.

Volume has been decreasing daily for the past 10 days. Today's sell-off is on the lowest volume yet (we are a couple hours away from the close though).

Risk-reward-ratio makes sense placing a stop-loss below $252.
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