luckydogz

QQQ head fake due to declining volume

Short
luckydogz Mis à jour   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Although a QQQ bottom appears to have happened on Friday, notice that volume was lower on Friday (vs thursday down day) and more importantly even lower on Monday on higher price. Higher prices on declining volume just isn't sustainable and will be exhausted (indicative of a bear flag).

First target about 163 based on trendline and 50sma

Second target about 158-159
Ordre annulé:
QQQ is so bullish - broke up out of the flag
Clause de non-responsabilité

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