ndau

QQQ is breaking down...

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
QQQ appears to have started a correction.

Why do I think so?

  • QQQ closed below the 20 day moving average
  • QQQ closed below the trend line on a relatively higher volume
  • MACD cross-over and MACD histogram displaying bearish momentum
  • Huge bearish divergence
  • A lot of room to move down

PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
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