Update: Closed right at the support zone. US GDP will be catalyst for move tomorrow.
QQQ has broken its upward trendline. Could be a small correction. Prices may try to hug the trendline.
Daily Close below the first Strong Support would signal a ST correction (case further strengthens if close is below Ichimoku Cloud)
First Target would be the next Strong Support line
Further bearish cases have been drawn out for your own use but will not be further discussed at the moment.
I've attached a longer team view of the potential support areas for your referral.
QQQ has broken its upward trendline. Could be a small correction. Prices may try to hug the trendline.
Daily Close below the first Strong Support would signal a ST correction (case further strengthens if close is below Ichimoku Cloud)
First Target would be the next Strong Support line
Further bearish cases have been drawn out for your own use but will not be further discussed at the moment.
I've attached a longer team view of the potential support areas for your referral.