QQQ chart with levels

23 giu 2022

Bears in control with a 1D downtrend. If we see healthy consolidation and can hold a HL above 269 lows, potential for a 1D inverse H&S pattern. Otherwise, bears keep their control and can see new lows. Most important level is 286.83 the FOMC reaction high --- bulls are likely to start a bigger 1W bounce IF AND ONLY IF they break this level.