The 
QQQ is triggering a long setup on the right shoulder of a possible inverse head and shoulders.
A (conservative) measured move of the head to the neck, from the lower right shoulder, gives a target of $302.40.
The FOMC meeting is on Wed 11/02.
News on 10/27: "Economists at BlackRock are speaking with financial advisers, saying that they are expecting "pivot language" at the next Federal Open Market Committee (FOMC) meeting".
If these rumors prove true at the FOMC meeting, the market and QQQ could have the catalyst to reach the target (quickly).
This idea is only based on the charts, but the FOMC could provide a catalyst.
QQQ is triggering a long setup on the right shoulder of a possible inverse head and shoulders.A (conservative) measured move of the head to the neck, from the lower right shoulder, gives a target of $302.40.
The FOMC meeting is on Wed 11/02.
News on 10/27: "Economists at BlackRock are speaking with financial advisers, saying that they are expecting "pivot language" at the next Federal Open Market Committee (FOMC) meeting".
If these rumors prove true at the FOMC meeting, the market and QQQ could have the catalyst to reach the target (quickly).
This idea is only based on the charts, but the FOMC could provide a catalyst.
Trade chiuso: stop raggiunto
Trade invalidated.Has now broken below the 'right shoulder'.
The rumors of FOMC hike softening were just rumors, and they sold it.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.