QQQ BREAKS RESISTANCE

٨ سبتمبر ٢٠٢٠

Hello all, as we can see here in this chart the Nasdaq broke its resistance line which it was holding on Friday. This is medium term bearish for the NASDAQ. Expect the QQQ to fall somewhere around 256, at which point it may bounce or break another resistance line. It is no longer trading in an upward channel.