QQQ breached the 30 day SMA again today (see arrow). It is now retesting the 50 day SMA it bounced off earlier this week.
If the 50 day SMA is breached, our first target is $258, which is 61.8% of the move of the Corona rally since March.
If that doesn't hold our next target is $243, which is 50% of the Corona rally.
If the 50 day SMA is breached, our first target is $258, which is 61.8% of the move of the Corona rally since March.
If that doesn't hold our next target is $243, which is 50% of the Corona rally.
Trade attivo
This trade is making good progress towards the first (and likely) target.QQQ ended up breaching the 50 day SMA and closed below $271 today (9/11).
It bounced off previous resistance at $267 created during after hours on Sept 8th.
Expect QQQ to re-test $267 on Monday and try a move lower towards $258.
Trade chiuso: stop raggiunto
Bounced off the 50 day SMA. QQQ has too much bullish momentum.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.