QQQ Trendline still holds🤷♂️ for now
But resistance is right there.
will need to drop below 359.25 tomorrow and close below there for a definite reversal conformation.
Bearish technicals
Rising wedge is obvious
selling pressure increasing
RSI took a nose dive
MACD - death cross.
Bullish technicals
Holding trendline
Holding above 8,13,21 EMA
Growth has been up for 8weeks or since june. If there is a rotation into value this could tank hard. I noticed a slight rotation into Value stocks today; temporary? lets see
will need to drop below 359.25 tomorrow and close below there for a definite reversal conformation.
Bearish technicals
Rising wedge is obvious
selling pressure increasing
RSI took a nose dive
MACD - death cross.
Bullish technicals
Holding trendline
Holding above 8,13,21 EMA
Growth has been up for 8weeks or since june. If there is a rotation into value this could tank hard. I noticed a slight rotation into Value stocks today; temporary? lets see
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