QQQ topping out
Typically a good top signal is when u have > 3 more green candles above the keltner channel. Together with a decreasing ATR / and RSI >65 show signs of QQQ topping out.
What is missing a trigger that:
1) Thursday's job data (given the past few job data has been positive for QQQ though. Jobs might be picking up)
2) Wednesday's Inflation prices PMI ( clearly it should go upbeat consensus. Question is by how much)
3) yields spike up (highly unlikely given it is being artificially suppressed by the Fed & Jap buying)
Historically, this week is weak for the tech though unless the above-mentioned trigger, it might be postponed to next week..
What is missing a trigger that:
1) Thursday's job data (given the past few job data has been positive for QQQ though. Jobs might be picking up)
2) Wednesday's Inflation prices PMI ( clearly it should go upbeat consensus. Question is by how much)
3) yields spike up (highly unlikely given it is being artificially suppressed by the Fed & Jap buying)
Historically, this week is weak for the tech though unless the above-mentioned trigger, it might be postponed to next week..
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.