QQQ - Danger area for Bulls - I am a Bear now - weekly chart
QQQ - Weekly chart since 2020
We see how the RSI is being reflected in the price.
every move hgher then 70 to the 80 area we see the market goes down to the 30-40 area
We are in a dangerous area right now where market can fall very quick into a correction as we entered into a Reflection zone - between 375-385 points.
I am Short now with nice RqR - SL above the inflection zone.
DOYR mind quantities.
I do see in the long term chart, great Bullish opportunity, but first let market take some air.
We see how the RSI is being reflected in the price.
every move hgher then 70 to the 80 area we see the market goes down to the 30-40 area
We are in a dangerous area right now where market can fall very quick into a correction as we entered into a Reflection zone - between 375-385 points.
I am Short now with nice RqR - SL above the inflection zone.
DOYR mind quantities.
I do see in the long term chart, great Bullish opportunity, but first let market take some air.